Latest news with #RameshDugar
Time of India
3 days ago
- Business
- Time of India
Dugar Finance raises $3 million from Symbiotics' Green Basket Bond to boost EV, solar loans
Dugar Finance & Investments Limited, a non-banking financial company (NBFC) working in solar and MSME financing, raised $3 million in debt from the $75 million Green Basket Bond issued by Swiss-based impact investment firm Symbiotics Investments . The fresh funds will help Dugar Finance expand its footprint in EV financing and rooftop solar financing , particularly targeting residential consumers, MSMEs, and housing societies in tier-2 and tier-3 cities. The bond is subscribed to by British International Investment (BII), the UK's development finance institution aims to accelerate renewable energy adoption across Asia and Africa. 'At Dugar Finance, our mission has always been to bridge financial inclusion with sustainability. This capital infusion is not just financial support, it's a strong endorsement of our efforts to drive clean energy access and uplift small businesses at the grassroots,' said Ramesh Dugar, Founder and MD of Dugar Finance. He added that the funding will help the NBFC to scale its offerings in regions where such solutions can be transformative. Dugar said so far it has helped over 1,200 customers adopt rooftop solar systems and purchase EVs, leading to an estimated reduction of 3,000 tonnes of carbon emissions and annual electricity savings of ₹2.96 crore.
Economic Times
3 days ago
- Business
- Economic Times
Dugar Finance raises $3 million from Symbiotics' Green Basket Bond to boost EV, solar loans
TIL Creatives AI generated image for representation purposes. Dugar Finance & Investments Limited, a non-banking financial company (NBFC) working in solar and MSME financing, raised $3 million in debt from the $75 million Green Basket Bond issued by Swiss-based impact investment firm Symbiotics Investments. The fresh funds will help Dugar Finance expand its footprint in EV financing and rooftop solar financing, particularly targeting residential consumers, MSMEs, and housing societies in tier-2 and tier-3 cities. The bond is subscribed to by British International Investment (BII), the UK's development finance institution aims to accelerate renewable energy adoption across Asia and Africa. 'At Dugar Finance, our mission has always been to bridge financial inclusion with sustainability. This capital infusion is not just financial support, it's a strong endorsement of our efforts to drive clean energy access and uplift small businesses at the grassroots,' said Ramesh Dugar, Founder and MD of Dugar Finance. He added that the funding will help the NBFC to scale its offerings in regions where such solutions can be said so far it has helped over 1,200 customers adopt rooftop solar systems and purchase EVs, leading to an estimated reduction of 3,000 tonnes of carbon emissions and annual electricity savings of ₹2.96 crore.
Time of India
3 days ago
- Business
- Time of India
Dugar Finance raises $3 million from Symbiotics' Green Basket Bond to boost EV, solar loans
Dugar Finance & Investments Limited, a non-banking financial company (NBFC) working in solar and MSME financing, raised $3 million in debt from the $75 million Green Basket Bond issued by Swiss-based impact investment firm Symbiotics Investments . The fresh funds will help Dugar Finance expand its footprint in EV financing and rooftop solar financing , particularly targeting residential consumers, MSMEs, and housing societies in tier-2 and tier-3 cities. The bond is subscribed to by British International Investment (BII), the UK's development finance institution aims to accelerate renewable energy adoption across Asia and Africa. 'At Dugar Finance, our mission has always been to bridge financial inclusion with sustainability. This capital infusion is not just financial support, it's a strong endorsement of our efforts to drive clean energy access and uplift small businesses at the grassroots,' said Ramesh Dugar, Founder and MD of Dugar Finance. He added that the funding will help the NBFC to scale its offerings in regions where such solutions can be transformative. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Prince William & Kate Met Princess Diana's Secret Daughter. Plays Star Dugar said so far it has helped over 1,200 customers adopt rooftop solar systems and purchase EVs, leading to an estimated reduction of 3,000 tonnes of carbon emissions and annual electricity savings of ₹2.96 crore.
Entrepreneur
4 days ago
- Business
- Entrepreneur
Dugar Finance Secures USD 3 Mn to Expand EV and Rooftop Solar Financing
The fresh funds will be deployed to scale Dugar Finance's electric vehicle (EV) and rooftop solar financing initiatives across tier-II and tier-III cities in India. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Dugar Finance and Investments Limited has secured USD 3 million in debt funding from Swiss-based Symbiotics Investments, through its USD 75-million Green Basket Bond backed by British International Investment (BII). The funds will be deployed to scale Dugar Finance's electric vehicle (EV) and rooftop solar financing initiatives across tier-II and tier-III cities in India. Founded in 1987 in Chennai by Ramesh Dugar and Sonali Dugar, Dugar Finance is a Reserve Bank of India-registered Non-Banking Financial Company (NBFC). It offers vehicle financing, mortgage loans, loans against property (LAP) for SMEs, and specialised green financing products. With over 30 branches across six states, the company focuses on underserved, credit-invisible populations—having served more than 25,000 customers to date. "This capital infusion is more than just a financial commitment—it's a strong endorsement of our efforts to drive clean energy access and uplift small businesses at the grassroots level," said Ramesh Dugar, Founder and Managing Director. "With the support of Symbiotics and BII, we are better equipped to scale our EV and rooftop solar financing solutions across India's heartland—where such innovations are both needed and transformative." Dugar Finance claims to have already enabled over 1,200 customers to install rooftop solar systems and adopt EVs, resulting in nearly 3,000 tonnes of carbon emissions avoided and annual electricity cost savings of INR 2.96 crore. Its customer-centric approach supports residential households, MSMEs, and housing societies, empowering them to embrace cleaner energy and mobility solutions. With this latest funding, Dugar Finance aims to deepen its mission of combining financial inclusion with sustainability, helping India transition toward a greener and more equitable economy.
