Revfin announced that in the last 51 months, it has financed over 17,118 electric vehicles, funding an average of 11 EVs daily. These vehicles are plying in over 200 cities across 16 States in the country.
Sameer Aggarwal, Founder and CEO, Revfin, said Revfin has already contributed to reducing 30,486 metric tonne of CO2 emission, and every minute this emission abatement is increasing.”
Aiming to finance two million EVs in the next five years, the company has already established a nationwide presence with market share in Bihar, Uttar Pradesh, Uttarakhand, and Jharkhand and strengthening market presence in Madhya Pradesh, Rajasthan, Gujarat, Punjab, and Assam in partnership with more than 650 dealerships.
It has teamed up with 26 OEMs, including some major ones like Kinetic Green, Yatri, Saarthi, Mayuri, Lectrix, Hero Electric, and Piaggio, to expedite EV adoption and create a robust infrastructure for clean mobility.
Having achieved significant scalability through financing E3Ws and E2Ws across the country, the company has recently forayed into the E4W segment by financing two BYD electric cars in collaboration with Zappit for airport pick-up services.
Aggarwal added, “Transitioning to EVs is not an option anymore for the world if we want to decarbonise the planet. Creating a sustainable EV ecosystem, robust infrastructure, and transformational partnerships is going to be critical for making this transition smooth. Revfin is ready to take the largest pie of $50 billion EV financing annual opportunity by 2030.”