+
Revfin Aims For Rs 50 billion EV Financing by 2027
ECONOMY & POLICY

Revfin Aims For Rs 50 billion EV Financing by 2027

Digital lending platform Revfin is aiming to disburse Rs 50 billion in electric vehicle (EV) financing by 2027 as part of its push for sustainable mobility and financial inclusion across India.

To support this growth, the company has strengthened its leadership with three key appointments: Abhinandan Narayan as Chief Business Officer – New Business, Monish Vohra as Chief Operating Officer – Operations and Collections, and Anirudh Gupta as Chief Finance and Strategy Officer. The expanded team is expected to enhance capabilities across operations, business growth, and strategic finance.

Revfin’s core focus is on the L5 category of EVs, seen as a practical replacement for internal combustion vehicles in urban transport. The company expects to disburse Rs 20 billion by 2026 and aims to finance 35,000 EVs during the financial year. Since its inception in 2018, Revfin has financed over 85,000 EVs across 25 states and 1,000 towns, with about 75 per cent of its borrowers from marginalised communities. Its partners include Bajaj Auto, Delhivery, Rapido, and Tata Motors.

The company uses biometric and psychometric tools to assess borrowers and provides financing for electric two-, three-, and four-wheelers, batteries, and charging stations. It also supports EV leasing to boost last-mile mobility for e-commerce and fleet operations.

Source: Company release

Digital lending platform Revfin is aiming to disburse Rs 50 billion in electric vehicle (EV) financing by 2027 as part of its push for sustainable mobility and financial inclusion across India. To support this growth, the company has strengthened its leadership with three key appointments: Abhinandan Narayan as Chief Business Officer – New Business, Monish Vohra as Chief Operating Officer – Operations and Collections, and Anirudh Gupta as Chief Finance and Strategy Officer. The expanded team is expected to enhance capabilities across operations, business growth, and strategic finance. Revfin’s core focus is on the L5 category of EVs, seen as a practical replacement for internal combustion vehicles in urban transport. The company expects to disburse Rs 20 billion by 2026 and aims to finance 35,000 EVs during the financial year. Since its inception in 2018, Revfin has financed over 85,000 EVs across 25 states and 1,000 towns, with about 75 per cent of its borrowers from marginalised communities. Its partners include Bajaj Auto, Delhivery, Rapido, and Tata Motors. The company uses biometric and psychometric tools to assess borrowers and provides financing for electric two-, three-, and four-wheelers, batteries, and charging stations. It also supports EV leasing to boost last-mile mobility for e-commerce and fleet operations. Source: Company release

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code