TapFin, a comprehensive sustainability platform driven by technology, has secured $4 million in initial funding from Elevar Equity, an investment firm with a presence in India and Latin America.
This capital injection will expedite TapFin’s ambition to emerge as India’s premier sustainability platform, initially focusing on clean transportation while branching out into other sustainability sectors such as solar energy and other renewable technologies, as per a company announcement.
The funding will be utilized by TapFin to propel its expansion strategies and market penetration, enhance its technological infrastructure and data capabilities, attract top-notch talent, and foster product innovation.
Employing a solution-centric business model, TapFin offers a suite of services that revolve around financing opportunities, insurance, demand aggregation, market connections, and original equipment manufacturer (OEM) selection for stakeholders within the sustainability landscape.
Aditya Singh, co-founder and CEO of TapFin, expressed, “Our objective is to integrate every sustainability transaction in the nation by onboarding all ecosystem participants onto our platform.”
Sandeep Farias, Founder and Managing Partner at Elevar Equity, commented, “Our investment aligns with Elevar’s mission to spotlight the entrepreneurial potential within underserved customer segments and their respective communities.”
