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Revfin Aims To Secure Rs 500 Crore Funding For Financing 1 Million EVs By 2025

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The firm is also strategizing to broaden its offerings, moving from B2B electric three-wheelers to encompass the financing of electric two-wheelers, passenger EV cabs, electric light commercial vehicles (E-LCVs), and mini-electric trucks.

Revfin Services, a specialist in electric vehicle financing based in Delhi, has recently secured a substantial investment of Rs 125 crore. Looking towards the future, the company has set an ambitious target to raise an additional Rs 500 crore by the end of 2025. This funding will be pivotal in achieving their goal of financing 1 million electric vehicles. The firm enjoys the support of notable backers, including the Asian Development Bank, Companion Capital Ltd, Green Frontiers Capital, Redcliffe Labs, and Let’s Venture Angel Fund. In line with its expansion strategy, Revfin Services is broadening its focus beyond B2B electric three-wheelers. The company is now planning to extend its financing services to encompass a wider range of electric vehicles, including electric two-wheelers, passenger EV cabs, electric light commercial vehicles (E-LCVs), and mini-electric trucks, marking a significant step in its growth and diversification.

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Aryaman Raghuvanshi
Aryaman Raghuvanshi
Aryaman Raghuvanshi is a Journalist at EFY. His passion is to explore the future of mobility, which gets him to cover latest technologies shaping the future of automobiles and EVs. But, at times he writes on broader technologies too. LinkedIn: https://www.linkedin.com/in/aryaman-raghuvanshi-2431b7153

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