Solfin, a renewable energy finance platform with its own NBFC, has paid over £100 in solar within nine months of its business, the company announced today. This achievement follows a strategic £100 crore investment from Waaree Sustainable Finance Pvt Ltd, part of Waaree Group.
The high-tech-driven finance platform offers online approval and faster spending for residential rooftop equipment, residential society, commercial and industrial projects through the digital lending platform of solfin.co.in.
“Achieving 100 crore in such a short time is evidence of the growing market demand for reliable solar finance,” said Gautam Kausik, co-founder of Sorfin.
The company, which launched its operations in August 2024 after receiving RBI approval, is currently in early discussions with venture and institutional partners focusing on Climate Tech, Fintech and Sustainable Infrastructure. These funds will support the expansion into new regions and the development of additional green finance products, such as electric vehicles and battery energy storage systems.
India’s solar power division reached 97.9 GW in 2024, including the 24.5 GW added last year, with a significantly increased capacity. The country aims to achieve 500 GW of non-fossil fuel capacity by 2030.
Solfin was established by Gautam Kaushik and Pramod Mahanta as a distributed green asset delivery and financing platform with a focus on sustainable infrastructure.
Released on May 15, 2025
