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Swiss impact investor signs agreement with Electronica Finance

Published on August 08, 2023
Current Context: Swiss impact investor responsAbility Investments AG signed a $15 million funding deal with non-bank lender Electronica Finance to promote green financing in India as part of its sustainability goal.
Swiss impact investor signs agreement with Electronica Finance
  • The Pune-based non-banking finance company, which is part of the SRP Electronica group, will use the funding to finance energy-efficient machines and promote rooftop solar installation, managing director Shilpa Pophale told ET.
  • The NBFC received $7.5 million from responsAbility last month and plans to draw the remainder later this year, she said.
  • The same information was also reported by CEO Insights India and Silicon India. Electronica Finance is supported by the Small Industries Development Bank of India and has grown its assets under management threefold in the past half a decade.
  • It provides machine loans, business loans, loans against property, as well as working capital loan and loans to micro enterprises.

Question:

Q.1 Which Swiss impact investor signed a $15 million funding deal with Electronica Finance?
a. responsAbility Investments AG
b. BlueOrchard Finance Ltd
c. Bamboo Capital Partners
d. Symbiotics SA
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