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Tag: SIDBI

  • SIDBI, MonetaGo team up to secure MSME lending

    SIDBI, MonetaGo team up to secure MSME lending

    MUMBAI: When it comes to lending, trust is the best collateral. In a major move to fortify India’s MSME financing ecosystem, SIDBI (Small Industries Development Bank of India) has teamed up with MonetaGo to roll out a cutting-edge fraud prevention and digital infrastructure solution.

    The partnership aims to make credit safer and smarter for India’s small businesses, ensuring they get the funds they deserve without the risk of duplicate or fraudulent financing. This marks the first time a development financial institution has adopted MonetaGo’s technology, setting a new benchmark for secure and transparent MSME lending.

    SIDBI chief general manager Y. M. Kumari said the collaboration would strengthen trust in MSME credit systems, especially in initiatives like GST-Sahay invoice-based financing. “By adding transparency and resilience, we aim to boost confidence in the lending ecosystem and help unlock the sector’s full potential,” she noted.

    SIDBI deputy managing director Sudatta Mandal highlighted that de-risking credit flows is key to expanding MSME access and competitiveness.

    For MonetaGo, the partnership is another milestone in its mission to secure digital finance. “SIDBI’s adoption of our Secure Financing system is a turning point for fraud prevention in MSME lending,” said MonetaGo India managing director Kalyan Basu.

    Since 2018, MonetaGo’s technology has underpinned India’s digital trade finance framework. Backed by the Reserve Bank of India, it has already helped MSME financing grow by over 216 per cent since 2023, proving that when finance gets smarter, small businesses grow stronger.

  • Charged on spirits, ThunderPlus unveils ethanol power

    Charged on spirits, ThunderPlus unveils ethanol power

    MUMBAI: Looks like India’s electric future just got a shot of “liquid courage.” In a move that’s set to energise the country’s green mobility drive, ThunderPlus and Trinity Cleantech have launched the world’s first ethanol-powered, mobile 150 kW DC fast charger, the ME energy rapid charger 150, in Hyderabad.

    Forget heavy grid setups and endless approvals, this clean, portable powerhouse can be up and running in just 72 hours, and it runs entirely on ethanol, a bio-fuel made from plants. The result? Up to 80 per cent lower CO2 emissions and half the operational costs of diesel generators.

    “This innovation is all about collapsing timelines, cutting diesel dependence, and giving India a cleaner, instantly deployable charging solution,” said ThunderPlus director and CEO Rajeev YSR. “We proudly call it liquid electricity.”

    Unveiling the charger, Olectra Green Tech Ltd. managing director Mahesh Babu hailed it as a “game-changer” for India’s electric bus and fleet ecosystem. “It’s a breakthrough that slashes costs and wait times while boosting sustainability. Perfect for roadside assistance and depots as the grid catches up,” he said.

    Trinity Cleantech executive director Raj Kumar added that the product is made under a patented licence from Germany’s ME Energy GmbH and is ready for rollout across India. “It offers a scalable, economical path for companies serious about decarbonising their operations,” he noted.

    Inspired by Nitin Gadkari’s ethanol mission, the launch was attended by leaders from India’s clean mobility sector, including Chandramouli Vemula from SIDBI, who praised it as a perfect fit for the nation’s green-finance goals.

    The rapid charger 150 isn’t just for EVs stranded on highways. It’s also ideal for remote depots, logistics hubs, mining zones, and even construction sites where grid access is tricky. Beyond transport, it could replace diesel gensets in residential and commercial spaces, offering both power and charging in one eco-friendly package.

    With over 1,000 chargers across 60 cities, ThunderPlus has already become one of India’s fastest-growing EV charging companies, working with giants like Tata Motors, Olectra, and Mahindra. Trinity Cleantech, meanwhile, continues to push the boundaries of clean energy innovation.

    Together, the two firms are proving that India’s future runs not just on electricity, but on ethanol-fuelled ingenuity. It’s not just a new charger on the block; it’s the start of a cleaner, cleverer India on the move.