Commercial Vehicle

Revfin EV finance


Revfin has closed its Series A round of funding worth USD 10 mn in an equity and debt combinatio­n. Setting a bold ambition of financing two million electric vehicles over five years, Revfin will utilise the funds from this round to expand its geographic­al footprint to 25 states and to capture over 10 per cent national market share of financed electric three-wheelers. The funds will also be used to diversify into two-wheelers for last-mile deliveries and fourwheele­rs for mid-mile cargo delivery and shared taxis. “With a high monthly growth rate of 15 per cent, as per claims, Revfin will continue to dominate the EV financing market,” informed Sameer Aggarwal, the Founder and Chief Executive Officer, Revfin.

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