Mega Corporation Ltd. Launches 'Lendingo' to Finance Electric Vehicle Sector

Mega Corporation Ltd., a registered Non-Banking Financial Company (NBFC) listed on BSE, has proposed to launch a new division dedicated to financing for/to Electric Vehicle (EV) including EV batteries, rickshaws and other related ventures and projects. This initiative, branded as 'Lendingo', aims to support the growing EV sector and contribute to sustainable solutions. The establishment of 'Lendingo' aligns with the company's strategic objectives and fosters internal growth. By facilitating accessible financing options for EVs, Mega Corporation Ltd. aims to promote the adoption of electric mobility as part of their green funding initiatives, while also enhancing their engagement with the Micro, Small, and Medium Enterprises (MSME) sector by extending credit to registered MSMEs.