Mufin Green Finance Partners With Snap-E Cabs For Sustainable Urban Mobility

Updated on: 14 October 2023 7:51 pm

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LOHUM, Log9 Partner For Sustainable Battery Disposal In EV Industry Photo: LOHUM and Log9 aim to establish a stable and innovative framework for the responsible disposal of Log9's LTO batteries

Mufin Green Finance announced a partnership with Snap-E Cabs on Friday to supply a fleet of 100 electric four-wheelers to the aggregator, with the battery-operated cars being leased for a five-year period, according to a statement from the climate financing solutions company.

Mufin Green Finance has joined forces with Snap-E Cabs, an app-based fleet of 100 percent Electric Vehicles (EV) based in Kolkata. "After the 5-year lease term, Snap-E Cab can buy back these vehicles from Mufin Green Finance," the statement said.

Previously, Mufin also collaborated with companies such as BluSmart, Battery Smart, Piaggio, Yatri, Mayuri, Saarthi, Citylife, Arzoo, Alt Mobility, OHM, Alti Green, and many more contributors to the EV ecosystem, it added.

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BSE-listed Mufin Finance Green, a non-banking financing company (NBFC), is dedicated to financing all aspects of the EV ecosystem, including two-wheelers, three-wheelers, four-wheelers, fast chargers, and swappable batteries.

The company has a presence in 14 states in North India.