PFC Loans ₹6.33 Billion to Gensol to Expand EV Deployment

The first tranche of the loan has been disbursed

April 21, 2023

/ Gourav Mishra
/ Electric Vehicles, Finance and M&A
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Power Finance Corporation (PFC) has approved a loan of ₹6.33 billion (~$77 million) to Gensol Engineering for the purchase of 5,000 passenger electric vehicles (EVs) and 1,000 cargo EVs to expand its green mobility footprint.

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Gourav Mishra

More articles from Gourav Mishra.
BluSmartelectric vehiclefinanceGensolLoanPower
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