Metafin Secures $10M Debt Facility from Lendable to Accelerate Rural Solar Loans in India

Metafin, India's leading solar financing platform for rural areas, has secured a $10 million structured debt facility from Lendable.

This funding comes shortly after the company's Series A round and will fuel expansion of solar lending to underserved MSMEs and households.

Metafin's Rapid Growth and History

Founded to bridge the financing gap for clean energy in rural India, Metafin raised $10 million in Series A funding in 2025 led by Vertex Ventures Southeast Asia and India.

The Series A enabled the non-banking finance company to quadruple its project portfolio and finance over 3,500 solar installations across 2,500 villages initially.

Current Impact and Achievements

To date, Metafin has financed more than 6,500 solar projects in over 4,000 villages spanning five states.

These efforts provide affordable rooftop solar systems and pumps, helping rural businesses and families cut fuel costs and reduce carbon emissions significantly.

The platform's innovative loan products make off-grid solar accessible without traditional collateral requirements.

Future Expansion and India's Solar Push

With the new debt facility, Metafin plans to scale operations to additional states, targeting thousands more clean energy adoptions.

This aligns with India's ambitious rooftop solar goals under schemes like PM Surya Ghar Yojana, aiming for millions of installations by 2027.

Lendable's investment underscores growing global interest in climate-focused debt for emerging markets.

Overall, such financings are pivotal for sustainable development, empowering rural economies with reliable, green power.