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

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..