Product Launch Details
AKME Fintrade (India) Limited, an RBI-regulated NBFC, has launched a dedicated Green Finance platform called "AKME GreenX – Powered by Finayo" through a partnership with Finayo. The platform specifically targets financing for Electric Mobility and Renewable Energy sectors.
Financial Targets and Portfolio Allocation
The platform has established clear financial targets:
- Two-year target: Build a ₹200 Crore Green Asset Portfolio
- ₹100 Crore allocated for EV Financing
- ₹100 Crore allocated for Solar & Distributed Renewable Energy Financing
- Five-year target: Build a ₹1,000 Crore EV & Solar Financing Portfolio
Technology Partnership and Capabilities
The partnership combines:
- AKME Fintrade's lending expertise
- Finayo's AI-powered digital lending platform
This combination aims to deliver faster, technology-enabled financing solutions to customers.
Strategic Objectives
The initiative aims to:
- Expand access to Green Finance across India
- Support the adoption of Electric Mobility
- Support the adoption of Renewable Energy
Company Representative
The announcement was signed by Manoj Kumar Choubisa, Company Secretary and Compliance Officer (M. No.: A66176) of Akme Fintrade (India) Limited.