Debt financing
EV financing digital platform Revfin raises Rs 100-Cr
EV financing digital platform Revfin has raised INR 100 crore in debt, which it plans to use to expand into new geographies for financing three-wheelers and make foray into providing loans for two-wheelers in the e-commerce delivery space. It is looking to enter states like Assam, Madhya Pradesh, Rajasthan and Punjab for electric three-wheeler financing as it targets to grow revenue up to five-fold in the new fiscal year, up from its current rate of INR 12 crore per annum. The startup is currently present across 18 states via over 350 dealership locations and has partnerships with multiple original equipment manufacturers (OEMs).
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