Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has sanctioned a loan of Rs 633 crore to Gensol Engineering for the purchase of 5,000 passenger electric vehicles and 1,000 cargo EVs. 5,000 e4Ws funded by PFC would result in emission savings of over 1,00,000 tonnes of CO2 equivalent. This is equivalent to the amount of CO2 absorbed by over 5 million fully grown trees in a year.

PFC is central PSU under Ministry of Power and India's leading NBFC.