Accelerated Money for U (AMU) Leasing has experienced a remarkable 3X increase in revenue in the fiscal year 2024 compared to the previous year. With the aim of sustaining this growth momentum and enhancing profitability, the non-banking financial company (NBFC) plans to raise INR 400 crore by fiscal year 2026. This capital infusion will be utilized to finance 100,000 electric vehicles over the next three years and broaden its financing portfolio to encompass other areas within the clean-tech sector.
In addition to supporting electric vehicles, AMU intends to address the financing requirements of various segments within the cleantech industry and aims to achieve a revenue target of INR 130 crores during the same period. The company also aims to expand its geographical presence by venturing into new regions such as Assam, Bihar, Jharkhand, and Madhya Pradesh, with the goal of attaining a revenue of INR 75 crores by fiscal year 2025.
In the previous fiscal year, AMU reported a revenue of INR 20 crores and successfully raised INR 97 crores to facilitate more than 200 partnerships with micro, small, and medium enterprises (MSMEs), including individual drivers, fleet owners, logistics firms, and initiatives related to battery leasing. With the influx of new revenue and funding, the NBFC aims to diversify its portfolio and increase its assets under management (AUM).
To secure the necessary funding, AMU plans to explore various financing avenues, including term loans, non-convertible debentures (NCDs), equity, co-lending arrangements, venture debt, bonds, and impact funds.
Nehal Gupta, Founder and Managing Director of AMU, emphasized the company’s commitment to supporting the transition towards green energy by offering diverse and inclusive financing solutions. To realize this vision, AMU intends to bolster its revenue streams, expand its product offerings, and support the adoption of 100,000 electric vehicles over the next three years. To achieve these ambitious targets, the company aims to raise INR 400 crore within the next two years and generate a revenue of INR 130 crores during the same period. Additionally, AMU is actively seeking new partnerships to further its mission of making clean-tech financing accessible to all.
