Revfin, an EV financing specialist, has teamed up with SUN Mobility in a ₹100 crore deal for 15,000 electric two-wheelers, enhancing last-mile mobility. Announced by CEO Sameer Aggarwal, this move supports Revfin’s fleet operations strategy and boosts EV adoption in India.
Revfin, an Indian company specialising in financing for electric vehicles, has significantly bolstered its standing in the electric mobility sector by acquiring over 15,000 vehicles, collectively valued at Rs 100 Crore, from the SUN Mobility platform. This strategic acquisition is aimed at broadening Revfin’s footprint in the electric vehicle market and facilitating the increase of EV adoption among fleet operators. The announcement was made by Sameer Aggarwal, Founder and CEO of Revfin, alongside Anant Badjatya, CEO of SUN Mobility.
During the announcement, Sameer Aggarwal highlighted that this move is a pivotal part of Revfin’s strategy to enhance its two-wheeler portfolio and broaden its operational scope.
The acquisition is set to expand Revfin’s fleet portfolio significantly, further emphasizing its commitment to promoting last-mile mobility solutions. Over the past six months, Revfin has financed a total of 65,000 vehicles, which corresponds to ₹900 crores in loans, according to statements from the company.
Founded in 2018, Revfin provides tailored financing solutions for a range of electric vehicles, including two-wheelers, three-wheelers, and associated charging infrastructures. The company leverages advanced digital tools and specialized techniques to facilitate loan provision and has forged substantial partnerships with numerous OEMs and fleet operators.
