Archive · 16 Jun 2025
Dugar Finance Raises $3M for Clean Energy Expansion
Dugar Finance, a company that helps people get solar panels and electric vehicles, got $3 million from an investment firm.
This money comes from a special bond made by Symbiotics Investments and supported by British International Investment.
Dugar Finance will use this money to help more people and small businesses in smaller cities get solar panels and electric vehicles.
They've already helped over 1,200 customers, which has saved a lot of electricity and reduced carbon emissions.
The company is excited to help more people.
Dugar Finance secured $3 million in debt from Symbiotics Investments.
The funding will expand Dugar Finance's presence in EV and rooftop solar financing.
The Green Basket Bond was issued by Symbiotics Investments and subscribed by British International Investment.
Dugar Finance targets residential and MSME customers in tier-2 and tier-3 cities.
The company has helped over 1,200 customers adopt rooftop solar and EVs.
- Who
- Dugar Finance and Symbiotics Investments.
- What
- Dugar Finance secured $3 million in debt.
- When
- Published on June 16, 2025
- Where
- Tier-2 and Tier-3 cities
- Why
- To expand presence in EV and rooftop solar financing.
- Amount Raised
- $3 million
- Source of Debt
- Symbiotics Investments
- Investor in Green Basket Bond
- British International Investment
- Focus
- EV and rooftop solar financing
- Target Customers
- Residential and MSME
- Cities targeted
- Tier-2 and Tier-3 cities
- Customers helped so far
- Over 1,200