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Revfin[1][2] is an EV financing platform & non-bank financial institution founded in 2018 in India and headquartered in New Delhi. The company operates in 24 states in India and focuses on lending EV loans primarily to people with little or no credit history. Revfin is one of the partners of the Shoonya initiative by NITI Aayog.[3] The company has also joined the PM Solar2EV Initiative launched by the Government of Maharashtra.[4] As of 2024 the company has served over 53,000 customers & disbursed INR 675 Crores worth of loans.[5]
| RevFin Services Private Limited | |
| Industry | Consumer loans |
| Founded | 2018 |
| Headquarters | New Delhi, India |
Area served | India |
Key people | Sameer Aggarwal |
| Services | Lending, Financing for EV Vehicles |
| Subsidiaries | Aristo Securities Private Limited |
| Website | www |
In 2024 Revfin received insurance broking license for electric vehicles.[6] in the same year Revfin also partnered with Sun Mobility to start battery swapping solutions for EV Vehicles.[7][8]
Revfin started as a vehicle finance provider to individuals without credit history in tier-2 and tier-3 cities. It has since expanded its operations pan-India.[9] Revfin has disbursed electric vehicle loans to over 5,500 women in Bihar and Uttar Pradesh.[10]
History
editRevfin was incorporated in New Delhi in 2018 by Sameer Aggarwal.[11] Initially, the company focused on providing digital loans for e-rickshaws.[12] also disbursed its first 3 wheeler EV loan in same year. Later that year, Revfin acquired Aristo Securities Private Limited, an NBFC company, and expanded its financing services to include all electric vehicles.
References
edit- ^ www.ETAuto.com. "Revfin and Bajaj Auto join to promote high speed E3W adoption - ET Auto". ETAuto.com. Retrieved 16 August 2024.
- ^ www.ETAuto.com. "Revfin partners with Sun Mobility to deploy 1 lakh EVs to strengthen last mile mobility - ET Auto". ETAuto.com. Retrieved 5 August 2024.
- ^ https://www.niti.gov.in/sites/default/files/2021-01/RMI-EVreport-VF_28_1_21.pdf
- ^ Gupta, Paromita (18 March 2024). "RevFin Partners PM Solar2EV Initiative To Drive Adoption Of EVs". Entrepreneur. Retrieved 5 August 2024.
- ^ https://www.moneycontrol.com/news/business/startup/whats-fuelling-indias-growing-ev-finance-sector-9167261.html#google_vignette
- ^ "List of Brokers - IRDAI".
- ^ www.ETEnergyworld.com. "SUN Mobility partners with Revfin for EV financing - ET EnergyWorld". ETEnergyworld.com. Retrieved 5 August 2024.
- ^ "Sun Mobility, Revfin to drive EV adoption under Battery as a Service model". Financialexpress. 19 March 2024. Retrieved 5 August 2024.
- ^ "Revfin enters EV leasing business, to onboard electric two- and three-wheelers in Delhi and Bangalore". Financialexpress. 13 December 2022. Retrieved 5 August 2024.
- ^ "The lower import taxes could help Tesla sell its full range of models in India, and not just the new car it wants to make locally". Autocar Professional. Retrieved 5 August 2024.
- ^ https://www.moneycontrol.com/news/business/budget/budget-2024-expectations-live-amid-allies-demands-calls-for-tax-sops-can-sitharaman-spring-a-surprise-liveblog-12767464.html
- ^ author/ani (6 April 2024). "Electric Transport pioneer Byby e-Rickshaw and Digital Lender Revfin sign MoU for e-rickshaw finance - www.lokmattimes.com". Lokmat Times. Retrieved 5 August 2024.
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