Roadcast, a leading SaaS-based logistics automation platform in India, has announced a partnership with Mufin Green Finance, the country’s first listed NBFC dedicated to electric vehicle (EV) financing.
In this collaboration, Mufin Green Finance will lease GPS-enabled 3W electric vehicles (3WEVs) equipped by Roadcast. This strategic partnership aims to revolutionize India’s electric vehicle (EV) market by integrating advanced IoT systems into the 3WEVs leased by Mufin Green Finance.
With Roadcast’s technology integrated into the 3WEVs, Mufin will gain remote access to the vehicles, allowing them to closely monitor usage patterns. By analyzing this data, Mufin can identify underutilized vehicles, potentially preventing lease defaults.
Roadcast’s GPS device will enable faster fund deployment in Non-Banking Financial Companies (NBFCs). For NBFCs, recovering funds on time is a real risk and a predictive insight such as this can go a long way in risk mitigation.
