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

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