Revfin Aims For Rs 50 billion EV Financing by 2027

24 Apr 2025 CW Team

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

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..