Revfin has announced an expansion of its leadership team as it eyes an ambitious target of INR 5,000 crore in electric vehicle financing disbursements by 2027. The company plans to scale five times over the next two years, with a specific focus on the L5 category of electric three-wheelers, seen as a key driver for urban electrification and commercial transport.
The new appointments include Abhinandan Narayan as Chief Business Officer for New Business, Monish Vohra as Chief Operating Officer for Operations and Collections, and Anirudh Gupta as Chief Finance and Strategy Officer. Each brings experience from established financial and mobility-related institutions and will now be tasked with strengthening Revfin’s operational base under the company’s new agenda centred on People, Processes, and Profitability for FY 2026.
The timing of these hires suggests Revfin is preparing for deeper market penetration, especially in underserved regions. The company has already financed over 85,000 electric vehicles across 25 states and more than 1,000 towns, with 75 percent of borrowers coming from marginalised communities. This scale is not insignificant and positions Revfin as a critical enabler of financial inclusion through EV ownership. However, as it pushes to finance 35,000 new EVs in FY 2026, operational robustness will become essential, particularly in post-disbursement services like collections and vehicle recovery.
In FY 2025, Revfin grew its L5 vehicle loan book by 1,700 percent, supported by strategic tie-ups with OEMs such as Bajaj Auto and Tata Motors and service providers including Delhivery and Rapido. These partnerships have helped deepen Revfin’s role in India’s expanding last-mile delivery and passenger transport markets. The E-rickshaw and L5 segment, especially, is a vital area for EV adoption but also one with fragmented users and high asset utilisation, requiring tailored loan products and high-touch service models.
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