Sameer Aggarwal, founder and CEO, RevFin, sharing his views on budget expectations of the electric Vehicle industry, said
“EV financing will become the biggest enabler for EV adoption in the next few years. Attractive economics and push by governments have already increased the demand for EVs substantially, however Commercial EV segment, which is expected to be a key growth vertical is faced with a lack of financing options, hence remains the biggest challenge.”
He added “The industry has the potential to grow to USD 150 billion by 2030, hence the Finance Minister’s attention to ease accessibility to financing, particularly for the unbanked will do good to the segment.” says Founder & CEO Sameer Aggarwal, of RevFin Services – a financial technology (FinTech) digital lending platform focussed at increasing EVs’ adoption.”
RevFin (RevFin Services Private Limited) is an advanced digital consumer lending platform that makes getting a loan convenient and accessible to all individuals and enables financing of electric three-wheeler loans in Tier 3 and Tier 4 towns, considering that EVs were in huge demand yet highly-priced. RevFin – a leading EV financing organisation that eases accessibility to Electric Vehicles and adoption for under-banked & underserved, enabling micro-entrepreneurism.