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.