What TapFin does

TapFin (legally Tapsys Pvt Ltd) is an India-based, AI-native data intelligence and lifecycle management platform serving the commercial electric vehicle ecosystem. Founded in 2023 in Mumbai by Aditya Singh (CEO) and Terniza Berry (COO), the company provides technology and financing infrastructure to three primary customer segments: lenders and NBFCs (asset-level underwriting and portfolio risk monitoring), fleet operators (utilization optimization and battery health management), and EV OEMs (market intelligence and product performance data). The core technology stack combines machine learning models, IoT telematics integration, and BMS analytics to transform EV telemetry into actionable intelligence across the asset lifecycle, from underwriting through residual value realization.

The product suite comprises four integrated modules: TRUST (AI-native risk intelligence for lenders with dynamic risk scoring and early warning signals), FleetForce (fleet operations intelligence for utilization and uptime optimization), OEM Intelligence (performance data for manufacturers), and Xchange (residual value intelligence plus a verified marketplace for used commercial EVs and batteries). The platform is OEM and IoT agnostic, integrating across 2W, 3W, and 4W form factors, EV and ICE powertrains, and multiple BMS systems without vendor lock-in. TapFin also operates two wholly-owned subsidiaries: GoGreen Capital, an NBFC launched in April 2025 that provides direct loans for commercial EVs, battery infrastructure, and solar projects; and TAP Fintech, a Loan Service Provider connecting ecosystem participants with 10+ partner banks and NBFCs.

Revenue is generated through multiple streams: subscription and platform licensing fees for TRUST and FleetForce; facilitation and referral commissions via TAP Fintech; and direct lending interest income via GoGreen Capital. Go-to-market combines enterprise field sales targeting lenders and large fleet operators, a digital self-serve channel for SMBs, and the partner bank/NBFC network. The company has raised $4 million in seed funding from Elevar Equity (March 2024) and operates exclusively within India.

Name

TapFin

Legal name

Tapsys Pvt Ltd

Website

https://tapfin.in

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

TapFin is an India-based AI-native data intelligence and lifecycle management platform for the commercial EV ecosystem, serving lenders, fleet operators, and OEMs with risk analytics, fleet optimization, financing facilitation via its LSP subsidiary, and direct lending through its NBFC subsidiary GoGreen Capital.

Ownership category

akta.pro rank

Product category

EV Data Intelligence and Lifecycle Management Software

NAICS

Nondepository Credit Intermediation (5222)

SIC

Loan Brokers (6163), Asset-Backed Securities (6189)

akta.pro primary industry

Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)

akta.pro secondary industries

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), Underwriting Automation & Income/Employment Verification (FSAGAHAD), SME Credit Risk, Underwriting & Financial Data (B2B Fintech Data/Decisioning) (FSAGAJAM)

Keywords

• EV data intelligence
• EV financing platform
• Fleet intelligence software
• EV risk management
• Battery health analytics

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Technology Platform Services: TapFin provides AI-native data intelligence, risk management, and lifecycle management platform services to lenders, OEMs, operators, and ecosystem partners. Revenue is generated through platform licensing, data services, and technology fees.
2. Financing Facilitation via TAP Fintech: TAP Fintech, a wholly-owned LSP, connects ecosystem participants with financing from leading Banks and NBFCs. Revenue is generated through facilitation fees, referral commissions, and service fees for connecting lenders with borrowers.
3. Direct Lending via GoGreen Capital: GoGreen Capital, a wholly-owned NBFC subsidiary, provides direct loans to EV ecosystem participants including business loans, term loans, working capital, commercial vehicle loans across 2W, 3W and 4W, and commercial solar financing.
4. Financing Products: Commercial EV loans, battery and solar financing, working capital solutions including invoice discounting, term loans, and business credit for EV businesses.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

TapFin is an AI-native data intelligence and lifecycle management platform designed for India's EV ecosystem. It combines financing, technology, and data intelligence to deliver asset-level underwriting, fleet operations optimization, residual value intelligence, and green financing for commercial EVs, batteries, and solar assets. Its wholly-owned subsidiaries GoGreen Capital (NBFC) and TAP Fintech (LSP) provide direct lending and multi-lender financing facilitation respectively.

Product overview

TapFin is an AI-native EV data intelligence and lifecycle management platform consisting of multiple integrated products: TRUST (risk intelligence for lenders), FleetForce (fleet operations intelligence), Intelligence for OEMs, Xchange (used EV marketplace), and Finance (financing ecosystem). The platform is complemented by two wholly-owned subsidiaries: GoGreen Capital (NBFC providing direct lending) and TAP Fintech (LSP connecting with banks and NBFCs). Together, they provide end-to-end coverage across EV financing, asset monitoring, portfolio risk management, and secondary market transactions for the commercial EV ecosystem in India.

Differentiator

Problem solved

Functional benefit

Brands

• TapFin TRUST: AI-native risk intelligence platform for EV underwriting, portfolio monitoring, and early risk detection for lenders, NBFCs, and banks
• TapFin FleetForce
• TapFin Xchange
• TapFin Finance
• GoGreen Capital
• TAP Fintech

Products and services

• TapFin TRUST AI-native risk intelligence platform for EV lending that provides asset-level underwriting based on battery health and real-world performance, portfolio monitoring with early risk detection, and collections intelligence with remote asset lock/unlock capabilities. Targeted at financial institutions including NBFCs and banks.
• TapFin FleetForce AI-native fleet intelligence platform that transforms vehicle and battery telematics data into actionable insights to improve utilization, uptime, and asset performance for commercial EV fleet operators. Includes utilization optimization, revenue visibility, proactive asset health monitoring, driver behavior analytics, and continuous uptime monitoring.
• TapFin Intelligence (for OEMs) AI-native data intelligence platform for EV and battery manufacturers providing insights across the asset lifecycle from deployment to resale, including fleet performance data, market insights, and product development intelligence.
• TapFin Xchange AI-driven residual value intelligence platform and verified marketplace for used commercial EVs and batteries, bringing transparency to asset transactions and lifecycle value with battery second-life identification, recovery intelligence, and data-backed valuation based on battery history and usage patterns.
• TapFin Finance Financing ecosystem connecting operators, OEMs, and ecosystem stakeholders with lending partners, offering commercial EV loans (2W, 3W, 4W), battery and solar financing, and working capital solutions (invoice discounting, term loans, business credit) through 10+ bank and NBFC partners.
• GoGreen Capital Wholly-owned NBFC subsidiary providing direct loans and green financing solutions for commercial EVs, sustainable mobility businesses, clean mobility, solar energy, and battery sectors across India. Includes business loans, term loans, working capital, commercial vehicle loans (2W, 3W, 4W), and commercial solar financing.
• TAP Fintech Wholly-owned Lending Service Provider (LSP) connecting ecosystem participants with financing from leading banks and NBFCs, offering vehicle loans, leasing, business loans, working capital, invoice discounting, and term loans through 10+ partner institutions.

Quantifiable outcome

• Portfolio risk reduction 3-6 months in advance through early warning signals
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• IIT BombaycoreStrategic or Co-development Partner · 1 January 2024TapFin signed an MoU with IIT Bombay's EV Powertrain Lab to boost EV financing and ownership. The collaboration promotes research, skill development, and industry-academia exchange in the EV ecosystem. This partnership supports innovation in sustainable financing solutions.
• Banks and NBFCs (Partner Network)coreChannel Partner/ Reseller/ DistributorTapFin has established partnerships with 10+ banks and NBFCs through its TAP Fintech platform to provide comprehensive financing solutions for EVs, including vehicle loans, leasing, business loans, working capital, invoice discounting, and term loans. These partnerships enable access to competitive financing options for businesses across India.
• TAP Fintech Pvt. Ltd.coreOthersTAP Fintech is a wholly-owned subsidiary (LSP) of TapFin that connects ecosystem participants with financing from leading Banks and NBFCs. It provides digital platform services for vehicle loans, leasing, business loans, working capital, and invoice discounting.
• GoGreen Capital Pvt. Ltd.coreOthersGoGreen Capital is a wholly-owned NBFC subsidiary of TapFin that provides direct loans to EV ecosystem participants. It focuses on business loans, term loans, working capital, commercial vehicle loans across 2W, 3W and 4W, and commercial solar financing. Launched in April 2025.
• Hala MobilityminorStrategic or Co-development PartnerHala Mobility's Founder and CEO Srikanth Reddy participated in a TapFin FleetForce webinar, sharing insights on fleet financing and EV adoption realities from the operator perspective.
• Bike BazaarminorStrategic or Co-development PartnerBike Bazaar's Business Head for EV, Satbir-Singh Saluja, participated in a TapFin FleetForce webinar discussing fleet financing and EV adoption.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• RevFin: India-based digital lending NBFC focused on financing electric and commercial vehicles, including 2W/3W/4W segments. Closely comparable to TapFin/GoGreen Capital as a data-led EV financing platform serving underserved fleet operators.
• Three Wheels United: India-based fintech providing financing for electric three-wheelers and driver-owners, combining credit underwriting with fleet management tools. Highly comparable as an EV-fleet-focused lender targeting Tier 2/Tier 3 markets.
• Intangles: AI-driven predictive fleet analytics platform for commercial vehicles using telematics and digital twin technology. Comparable to TapFin's FleetForce in applying AI to vehicle and battery health data for fleet operators.
• Voltaiq: US-based battery intelligence platform providing analytics on battery State of Health, performance, and lifecycle. Closely comparable to TapFin's SoH Analytics and Xchange residual value modules, though operating in mature markets.

Broad incumbents

• Lendingkart: India-based digital lending platform providing working capital and term loans to SMEs/MSMEs using alternative data-driven underwriting. Comparable to TapFin's SME underwriting and facilitation model, though broader in industry scope.
• LocoNav: India-based connected vehicle and fleet management platform offering telematics, IoT, and analytics for commercial vehicles. Comparable to TapFin's IoT-agnostic fleet intelligence layer, though broader and more mature.

Emerging players

• LightMetrics: India-based telematics and video telematics platform for commercial fleets, providing driver behavior analytics and operational insights. Overlaps with TapFin FleetForce in fleet telematics and driver analytics.
• Twaice: Germany-based battery analytics software company offering digital twins and predictive battery health insights for EVs and energy storage. Directly comparable to TapFin's battery health and second-life identification capabilities.
• Accure Battery Intelligence: Germany/US-based battery safety and analytics platform using AI to monitor battery State of Health, predict failures, and enable second-life use. Comparable to TapFin's battery SoH analytics and second-life identification modules.

Others

• Euler Motors: India-based EV commercial vehicle OEM with integrated financing and battery-swap solutions for 3W cargo. Comparable to TapFin's ecosystem focus on commercial EV financing and asset lifecycle, though operating primarily as an OEM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/TapFinHub
• YouTubeyoutube.com/@TapFinOfficial
• Facebookfacebook.com/tapfin
• LinkedInlinkedin.com/company/tapfin
• Instagraminstagram.com/tapfin.in

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TapFin