Paisalo Digital raises Rs 200 crore from IREDA to lend for EV buyers

Paisalo Digital Ltd has secured Rs 200 crore investment from IREDA to enhance its electric vehicle loan portfolio. Deputy MD Santanu Agarwal stated the funds will help meet financing needs for EV buyers, aligning with IREDA’s ‘Energy for Ever’ motto.

Listed NBFC Paisalo Digital Ltd has successfully raised Rs 200 crore from IREDA to bolster its electric vehicle loan book portfolio. The funds will play a crucial role in meeting the financing requirements of EV buyers.

Paisalo Digital Deputy Managing Director, Santanu Agarwal, emphasized the significance of the investment by stating, “Resonating with IREDA’s motto of ‘Energy for Ever’, the funds secured shall be utilized to elevate our competency in promptly meeting the financing requirements for EV buyers.” The move highlights the company’s commitment to expanding its presence in the EV financing sector.