Solfin Disburses INR 100 Crore in Solar Loans Backed by Waaree Investment, Sets Sights on Green Finance Expansion

Solfin, a tech-first renewables-focused platform with its own NBFC, has announced the successful disbursement of over INR 100 crore in solar loans in just nine months since launching operations. This milestone follows an earlier INR 100 crore investment from Waaree Sustainable Finance Pvt. Ltd., a part of the Waaree Group.

The achievement marks a significant moment in India’s rapidly growing solar finance sector. As the nation accelerates its clean energy goals, solar financing has emerged as a crucial enabler. In 2024, India added 24.5 GW of solar capacity, bringing the total installed base to 97.9 GW—more than double the growth recorded the previous year.

Solfin’s differentiated approach combines technology, sector focus, and speed. Its digital lending platform offers instant approvals, faster disbursements, and tailored financial products for residential rooftops, housing societies, and commercial and industrial (C&I) projects. The company has disbursed loans across diverse segments including supply chain financing, C&I, and residential rooftops, enabling a wider adoption of solar power and advancing climate-resilient development.

“Achieving INR 100 crore in disbursements in such a short time is a testament to the market’s growing demand for reliable solar financing and the trust our clients place in us,” said Gautam Kaushik, Co-founder of Solfin. “Our partnership with Waaree has provided both capital and strategic alignment to scale our mission of democratizing access to clean energy financing in India.”

Looking ahead, Solfin is in early-stage discussions with select venture capital and institutional partners aligned with its long-term vision in climate tech, fintech, and sustainable infrastructure. The company plans to use new capital to expand geographically, enhance its digital infrastructure, and explore adjacent sectors such as electric vehicles (EVs) and Battery Energy Storage Systems (BESS).

As India advances toward its 2030 target of 500 GW non-fossil fuel capacity, Solfin’s agile, digital-first financing model positions it to play a leading role in the country’s green energy transition.