EV financing specialist Revfin has announced 15,000 Electric Two-Wheelers in ₹100 Crore deal with battery swapping firm SUN Mobility reinforcing its commitment to last-mile mobility. The acquisition, announced by Revfin’s CEO Sameer Aggarwal, aligns with the company’s strategy to bolster fleet operations and support the growth of EV adoption in India.
Revfin, an EV financing company in India, has announced financing close to 15,000 electric two wheelers valued at Rs. 100 Crore that will operate on SUN Mobility’s platform.
This acquisition aims to expand Revfin’s presence in the electric vehicle sector and support the growth of EV adoption among fleet operators. The deal was announced by Sameer Aggarwal, Founder & CEO of Revfin, and Anant Badjatya, CEO of SUN Mobility.
Speaking about the announcement, Sameer Aggarwal emphasized that this acquisition aligns with Revfin’s strategy to grow its two-wheeler portfolio and expand its operations.
This move will increase Revfin’s fleet portfolio and reinforce its focus on last-mile mobility solutions. Revfin has financed 65,000 vehicles in the past six months, totaling ₹900 crores in loans, as claimed by the company.
Revfin, established in 2018, offers financing solutions for various types of electric vehicles, including two-wheelers, three-wheelers, and charging infrastructure. The company uses digital tools and certain techniques to provide loans and has established partnerships with numerous OEMs and fleet operators.