Revfin Leads India’s Transition to Electric Mobility, Aims to Finance 2 Million EVs by 2027

Revfin, India’s leading EV finance company has financed more than 17,118 electric vehicles during the past 51 months, cutting 30,486 metric tonnes of CO2 emissions.

The company’s advanced digital lending platform and digital underwriting capabilities have enabled it to finance underserved segments in tier 2 and tier 3 cities.

With over 650 dealerships nationally and partnership with 26 OEMs, including significant players like Hero Electric and Piaggio, Revfin has built a national presence in 16 states with the goal of financing two million electric vehicles over the next five years.

The company has captured 28% of the market share in Bihar, 23% in Uttar Pradesh East, and 20% in Uttarakhand. Revfin has expanded its financing horizons by foraying into the 4W EV segment and tying up with battery swapping company Sun Mobility.

The company also offers electric vehicle leasing services through Revfin Mobility.

Sameer Aggarwal, the founder and CEO of Revfin, stated that transitioning to electric vehicles is critical for decarbonizing the planet, and Revfin is ready to take the largest share of the $50 billion EV financing annual opportunity by 2030. The company aims to finance two million EVs, including 2, 3, 4-wheelers, and ancillaries like batteries and swapping stations, by 2027.