India, September 02nd, 2025 – Solfin Sustainable Finance Private Limited, a solar-focused NBFC backed by Waaree and a Japanese Financial Institution have announced a strategic Co-Lending Partnership aimed at enhancing solar financing across India, fuelling faster adoption of clean energy solutions. This collaboration will provide Working Capital finance to Solar Panel dealers and Rooftop Solar finance to end consumers.
The partnership combines the robust lending expertise and capital strength of the Japanese Financial Institution with Solfin’s deep sectoral focus, strong industry relationships, and innovative solar financing products. Together, the two institutions aim to address the growing financing needs of the solar ecosystem, especially for dealers and end-users seeking quick, affordable, and scalable financing solutions.
Key Highlights of the Partnership:
Pramod Mahanta, Co-Founder of Solfin, said: “Through this unique partnership, two financial organizations will combine their respective strengths to create and offer more funding opportunities in the Solar Finance ecosystem. Various entities seeking solar finance, will get faster access to funds, innovative products and financing solutions that accelerate their shift to clean energy. Furthermore, the backing of Waaree will strengthen our ability to tap into new segments and accelerate our role in the solar revolution transforming the nation.
This co-lending initiative reflects the shared commitment of both institutions to support India’s renewable energy mission and contribute to the nation’s sustainable growth trajectory.
About the Japanese Financial Institution Private Limited
The Japanese Financial Institution is a leading non-banking financial company (NBFC) specializing in customized lending solutions across industries. Backed by strong institutional expertise and a global financial ecosystem, it offers innovative products to meet diverse business needs.
About Solfin
Founded by Gautam Kaushik and Pramod Mahanta in December 2022, Solfin is Distributed Green Asset Delivery and Financing platform with captive Non-Banking Financial Company (Solfin Sustainable Finance Private Ltd.) focused on green financing. Solfin is backed by Waaree – the biggest Solar Manufacturer in the Country
About Waaree Energies Limited:
Founded in 1990, Waaree Energies Limited is India’s leading renewable energy company, driving the global transition to clean power. Headquartered in Mumbai, Waaree operates advanced manufacturing facilities with a total solar PV module capacity of ~16.7 GW worldwide (including 1.3 GW from Indosolar and 1.6 GW in Texas, USA) and a solar cell capacity of up to 5.4 GW. With a strong footprint across India and over 25 countries, Waaree offers a comprehensive portfolio spanning solar panels & inverters manufacturing, EPC services, green hydrogen solutions, battery energy storage systems, green energy infrastructure, and data centres. Committed to sustainability and innovation, Waaree delivers cutting-edge, cost-effective solutions to power a greener future.