Mangalam Industrial Finance Ltd. (MIFL), a prominent Non-Banking Financial Company (NBFC), has launched a strategic Fleet Financing initiative aimed at advancing green mobility solutions. This new initiative aligns with the Government of India’s mission to promote sustainable, eco-friendly transportation and reduce carbon footprints.
As part of its commitment to supporting electric mobility, MIFL will provide financing for electric vehicle (EV) fleets, catering to various commercial transport sectors, including electric buses, trucks, taxis, delivery vehicles, three-wheelers, and two-wheelers. The goal is to make green mobility more accessible and viable for fleet operators by offering competitive financing terms and flexible repayment options.
Venkata Ramana Revuru, Managing Director & Chairman of MIFL, emphasized that the initiative reflects the company’s dedication to fostering sustainable investments. With the rapid growth of electric mobility in India, MIFL aims to empower businesses to reduce emissions and contribute to a greener, more sustainable future.
The financing solutions offered by MIFL come with competitive interest rates, long-term repayment plans, and simplified documentation processes, ensuring a smooth transition for fleet operators to electric vehicles. MIFL’s experienced team will provide expert guidance to ensure the successful implementation of each project.
