Akme Fintrade Launches ₹200 Cr Green Finance Platform 'AKME GreenX' with Finayo
Akme Fintrade has partnered with Finayo to launch AKME GreenX, a Green Finance platform. The platform aims to build a ₹200 Crore Green Asset Portfolio over two years, with ₹100 Crore for EV financing and ₹100 Crore for solar/renewable energy. The partners aim for a ₹1,000 Crore portfolio in five years.
The initiative to build a significant green asset portfolio and expand into EV and renewable energy financing could lead to future growth and revenue streams, impacting the company's financial performance.
The launch of a new green finance platform and strategic partnership with a clear asset portfolio target indicates a positive outlook and expansion into a growing sector.
Akme Fintrade (India) Limited (AFIL), an RBI-regulated NBFC, has announced the launch of its dedicated Green Finance platform, AKME GreenX – Powered by Finayo. This platform is a strategic partnership with Finayo and aims to support financing for Electric Mobility and Renewable Energy projects.
Over the next two years, the AKME GreenX platform is targeted to build a Green Asset Portfolio of ₹200 Crore. This includes ₹100 Crore specifically allocated for EV Financing and another ₹100 Crore for Solar & Distributed Renewable Energy Financing. Looking further ahead, the partners have set a goal to build a comprehensive ₹1,000 Crore EV & Solar Financing Portfolio within the next five years.
The collaboration leverages Akme Fintrade's extensive lending expertise with Finayo's advanced AI-powered digital lending platform. This synergy is expected to facilitate faster and more efficient technology-enabled financing solutions for green initiatives. The primary objective of this initiative is to enhance access to Green Finance, thereby promoting the adoption of Electric Mobility and Renewable Energy solutions across India.
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Akme Fintrade (India) Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Akme Fintrade (India) Limited. Read the original for the full detail.