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RevFin eyes financing 2 mn vehicles, Rs 20k cr loan payment in 5 yrs: CEO

RevFin eyes financing 2 mn vehicles, Rs 20k cr loan payment in 5 yrs: CEO


Published on 2024-12-01 01:00:42 - Bill Williamson, WOPRAI
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  • Electric vehicle financing digital platform RevFin is aiming to finance 20 lakh vehicles in the next five years, translating to loan disbursements of nearly Rs 20,000 crore, according to the company's founder and CEO Sameer Aggarwal.

RevFin, a fintech startup focused on electric vehicle (EV) financing, aims to finance 2 million vehicles and achieve a loan disbursement of Rs 20,000 crore over the next five years, as stated by its CEO Sameer Aggarwal. The company, which has already disbursed Rs 1,000 crore in loans, plans to expand its operations significantly by leveraging technology and data analytics to enhance its lending processes. RevFin currently operates in 15 states and has a customer base of 50,000, with a particular emphasis on financing electric two-wheelers and three-wheelers. The CEO highlighted the company's strategy to cater to the growing demand for EVs in India, driven by government incentives and increasing environmental awareness. Additionally, RevFin is exploring partnerships and new product lines to further its growth trajectory.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/companies/news/revfin-eyes-financing-2-mn-vehicles-rs-20k-cr-loan-payment-in-5-yrs-ceo-124120100134_1.html ]
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