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Funding · Climate, Energy & Sustainability

Metafin raises $10m structured debt from Lendable

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Date
Company
Metafin
What it does
Solar financing for rural areas
Kind
Funding
Amount
$10 million
Stage
debt
Founded
2018
Sector
Climate, Energy & Sustainability

What they do

Metafin provides solar financing to households and small businesses in underserved Indian regions

What happened

The company secured $10 million in structured debt from Lendable to expand its operations

Why it matters

Metafin has financed over 6,500 projects across 4,000 villages in five states since 2018

The details

  • Metafin raised $10 million in structured debt from Lendable.
  • The funds will support the expansion of rural solar financing operations.
  • Lendable provided the capital through its Transportation and Energy Fund.
  • This is a structured debt facility rather than equity investment.
  • Sandeep Chopra and Aditya Shah co-founded the company in 2018.
  • Metafin focuses on replacing diesel solutions with affordable solar power.
  • The company operates a network of over 1,000 local solar installers.

About the business

  • Metafin offers a solar financing platform for households and MSMEs.
  • The company replaces expensive diesel generators with solar alternatives.
  • It manages an integrated network of over 1,000 local installers.
  • Services include real-time energy monitoring for all deployed systems.
  • A dedicated servicing arm handles deployment and ongoing maintenance.
  • Metafin has financed more than 6,500 solar projects to date.
  • Operations span five Indian states covering over 4,000 villages.
  • The company offsets over 30 million kilograms of CO2 emissions.

What happens next

  • Expand rural solar financing operations using the new debt capital.

The deal

Type
structured debt

Investors

  • Lendable (lender) — Provided funds via Transportation and Energy Fund

Founders

  • Sandeep Chopra, co-founder
  • Aditya Shah, co-founder

About Metafin

Product
Provides financing for solar energy systems and installations.
Customers
Rural households, small businesses, and MSMEs installing solar systems.
How it makes money
It earns money by originating and servicing solar loans through a partner network.
What sets it apart
Uses a network of local installers plus real-time energy data to underwrite and service loans.
Operations
Operates in rural and semi-urban regions and works through installation and lending partners.

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