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Full-stack Sustainability Platform TapFin raises $4M in funding led by Elevar Equity

IndianStartupNews · 1y

TapFin, a startup specializing in green financing solutions, has secured $4 million in seed funding led by Elevar Equity. The funds will be used to expand TapFin's market presence, enhance its technology and data capabilities, and hire top talent. The company aims to revolutionize India's sustainability landscape by providing comprehensive financing solutions and value-added services to players in the clean mobility ecosystem. TapFin plans to extend its reach to tier 2 and tier 3 cities and diversify into other sustainability verticals, such as solar energy and renewable technologies. The clean mobility industry in India is projected to grow rapidly, reaching $110.74 billion by 2029.