AMU Leasing, India’s leading and only woman-led technology-driven NBFC startup, expects to achieve double-digit growth in the financial year as it continues to expand across existing and new geographies to create density and open new markets. AMU Leasing Pvt. Ltd will be looking at financing 1 million EV stakeholders by 2026. With this expansion, it aims to become one of the leading financial solutions providers for the EV ecosystem in India.
The firm stated that it has achieved a growth rate of 24 per cent in its loan portfolio and almost 2000 per cent growth in PAT (Profit After Tax) through state-of-the-art technologies and enhanced user experience across industries such as the emerging sustainable mobility ecosystem. It further stated that the major growth of the organization is driven by two main sectors, Driver-cum-ownership (DCO) financing from tier 2 and tier 3 cities and the enterprise or B2B segment, constituting fleet operators/aggregators and third-party logistics players for electric three-wheeler passenger and commercial vehicles.
Speaking about the expansion and growth, Nehal Gupta, the CEO of AMU Leasing says, “AMU has witnessed stellar demand and a 30% month-on-month growth with an average yield of between 22 to 24%. We are consistently working towards building a robust ecosystem aimed at providing comprehensive and dynamic financial services to our existing clients and further using technology to curate more suitable products for stakeholders within the EV ecosystem. We will also be expanding our offerings across new cities in the upcoming months.”
The firm has set a target to raise debt and angel funding over the next two years to facilitate credit growth. As part of that, it will continue to explore partnerships and investment opportunities with top-notch national banks and high-networth individuals.