By Mr. Kunal Mundra, Founder and CEO, Astranova Mobility
“This budget has highlighted the government’s emphasis on enabling financing for India’s future and the critical role specialised NBFCs play in the ecosystem. The Budget acknowledges that banks are not the only answer to India’s financing needs and that complex, niche industries require specialised financing institutions that offer more than simply credit, by truly comprehending the asset lifecycle. This shift moves financing away from one-size-fits-all lending towards more focused, developmental support. For companies working in clean mobility, this is a very encouraging signal and reinforces the fact that enabling India’s energy transition will require specialised financing institutions like Astranova Mobility with the required capabilities to enable deep financing penetration and hence faster adoption.”