Metafin Raises $10 Million to Accelerate Solar Financing for Rural India

Mumbai-based solar finance platform Metafin has secured $10 million in structured debt from Lendable’s Transportation and Energy Fund. The fresh capital will enable the company to scale access to affordable solar solutions for rural households and MSMEs, further strengthening its mission to drive clean energy adoption across underserved regions.

Founded by Sandeep Chopra and Aditya Shah, Metafin operates at the intersection of fintech and clean energy, offering innovative financing solutions that make solar power accessible to customers who typically lack access to formal credit. By partnering with local installers and leveraging technology-driven monitoring systems, the company ensures seamless deployment and maintenance of solar infrastructure.

The newly raised funds will primarily be used to expand financing capabilities, allowing more rural consumers and small businesses to transition from diesel-based energy sources to sustainable solar solutions. This shift is not only cost-effective for end users but also critical to reducing carbon emissions and improving environmental outcomes.

Metafin has already demonstrated a strong impact on the ground. The platform has financed over 6,500 solar projects across 4,000+ villages, significantly improving access to reliable energy in remote areas. Its efforts have resulted in the offset of more than 30 million kilograms of CO₂ emissions and the displacement of over 11 million litres of diesel, showcasing the tangible environmental and economic benefits of its model.

One of the key differentiators for Metafin is its focus on last-mile connectivity and affordability. By offering tailored financing solutions and working closely with an extensive installer network, the company ensures that even low-income households and small enterprises can adopt solar energy without an upfront financial burden.

India’s push towards renewable energy, coupled with rising fuel costs and increasing awareness around sustainability, has created a significant opportunity for platforms like Metafin. Rural markets, in particular, remain underserved when it comes to access to clean and reliable power, making this segment a key focus area for long-term growth.

With the support of Lendable’s Transportation and Energy Fund, Metafin is well-positioned to deepen its rural footprint, enhance its technological capabilities, and scale its impact across the country. The company’s approach not only addresses energy access challenges but also contributes to broader goals of financial inclusion and climate resilience.

As India continues its transition towards a greener future, Metafin is emerging as a critical enabler of decentralised clean energy adoption, empowering communities while building a more sustainable and inclusive energy ecosystem.