Rooftop Solar Focused NBFC Dugar Finance raises $3Mn in debt from Symbiotics Investments

Rooftop solar-focused non-banking financial company (NBFC) Dugar Finance has raised $3 million in debt from the $75-million Green Basket Bond issued by the Swiss-based impact investment firm Symbiotics Investments.

This is the second Green Basket Bond issued by Symbiotics Investments, with funding support from British International Investment (BII), the UK’s development finance institution and impact investor.

Read also- Saswat Finance Raises $2.6 Mn In Pre-Series A Round Led By Ankur Capital

The new funding will help Dugar Finance grow its EV and rooftop solar financing business, focusing on residential and MSME customers, including housing societies in tier-2 and tier-3 cities.

“This capital infusion is more than just a financial commitment—it’s a strong endorsement of our efforts to drive clean energy access and uplift small businesses at the grassroots level. With the support of Symbiotics Investments and British International Investment, we are better equipped to scale our EV and rooftop solar financing solutions across tier-2 and tier-3 cities—where such innovations are both needed and transformative,” Ramesh Dugar, Founder & MD of Dugar Finance, said. 

About Dugar Finance

Founded in 1987 in Chennai by Ramesh Dugar and Sonali Dugar, Dugar Finance, an RBI-registered NBFC, provides vehicle and mortgage loans, LAP for SMEs, and green financing. 

With 30+ branches in six states, it focuses on underserved and credit-invisible customers, having served over 25,000 people so far.

Dugar Finance has helped 1,200+ customers adopt rooftop solar and EVs, cutting nearly 3,000 tonnes of carbon emissions and saving ₹2.96 Cr annually in electricity costs. Its customer-first approach supports households, MSMEs, and housing societies in transitioning to clean energy and mobility solutions.

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