Solar financing platform Metafin has secured a $10 million (approximately Rs 83 crore) structured debt facility from Lendable through its Transportation and Energy Fund. The capital will be used to expand financing for solar energy solutions across rural India, particularly targeting MSMEs and households transitioning away from diesel-based systems.
Expanding access to clean energy for underserved regions
Founded by Sandeep Chopra and Aditya Shah, Metafin focuses on enabling productive-use solar financing for small businesses and rural enterprises. The platform integrates financing with a network of 1,000+ local installers, along with a servicing arm that supports deployment and maintenance, ensuring end-to-end execution.
Strong on-ground impact across villages and enterprises
Metafin claims to have financed 6,500+ solar projects across 4,000+ villages in five states, reflecting significant rural penetration. These deployments have helped offset 30 million kilograms of CO₂ emissions and replace approximately 11 million litres of diesel, highlighting the platform’s environmental and economic impact.
Backed by leading investors and financial institutions
The company is backed by Vertex Ventures SEAI, Prime Venture Partners, and Varanium Capital, and works with financial institutions including SBI, Northern Arc, and AU Small Finance Bank. With this new facility, Metafin aims to scale its financing model further and accelerate the adoption of clean energy solutions across underserved markets.
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