PFC okays INR 633 cr EV financing facility to BluSmart Mobility – ET Auto

Photo: ET Auto

In the largest EV asset financing deal in India, the Power Finance Corporation Ltd (PFC) on Thursday sanctioned a loan of Rs 633 crore to Gensol Engineering Ltd (GEL) for purchase of 5,000 passenger electric vehicles (EVs) and 1,000 cargo EVs.

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