India, August 27, 2026: Accelerated Money for Upliftment (AMU), an emerging player in electric vehicle financing, has announced ambitious targets for its EV financing business, aiming to achieve ₹400 crore Assets Under Management (AUM) by March 2027 and scale this to ₹600 crore by March 2028.
The company’s growth strategy is anchored in electric commercial vehicles (EVs), which currently account for 100% of AMU’s EV financing portfolio. With disbursement growth expected at 35–40%, AMU is positioning itself as a key enabler of India’s commercial EV adoption wave.
Growth Highlights
- EV financing portfolio CAGR: ~38%.
- Target AUM: ₹400 crore by March 2027, ₹600 crore by March 2028.
- Focus: Passenger and cargo commercial EVs.
- Operating markets: Uttar Pradesh, Madhya Pradesh, West Bengal, Bihar, and Haryana.
Nehal Gupta, CEO, AMU: “Electric commercial mobility is moving from an emerging opportunity to an increasingly mainstream segment. Our strategy is to build a focused financing franchise that addresses the specific needs of commercial EV customers.”
Market Context
Fleet operators, individual entrepreneurs, and last-mile mobility providers are increasingly evaluating EVs for their lower operating costs and improved economics. AMU’s financing solutions are designed to support this transition, enabling wider access to capital for commercial EV buyers and operators.
About AMU (Accelerated Money for Upliftment)
AMU is an RBI-licensed Non-Banking Financial Company (NBFC) focused on green financing, with expertise in the electric vehicle (EV) and battery ecosystem.
- Specializes in financing 2W, 3W, 4W EVs, e-light commercial vehicles (LCVs), drones, heavy commercial vehicles (HCVs), and battery solutions.
- Operates across 16 states with a team of 110+ professionals.
- Aims to finance 1 million EVs and batteries by 2030.
- Committed to financial inclusion, gender-inclusive solutions, and sustainable growth through customer-centric digital lending.
