Angel Investments
Digital lender for EVs RevFin raises $4-M
Delhi-based RevFin, which runs a digital lending platform that finances electric vehicles for commercial use, has raised USD 4 million (about INR 30 crore) in both equity and debt. The round was led by Redcliffe Life Solutions founder Dheeraj Jain. Other investors in the round included Let's Venture Angel Fund; Anuraag and Ruchirans Jaipuria; Rishi Kajaria and Rahul Seth; Amit Goel, founder of Knam Marketing; and Ranjit Yadav, president, Car Dekho. The funds will be used to fast-track the adoption of electric vehicle (EV) solutions among low-income consumers. Revfin intends to expand its operations by increasing loans from the current monthly disbursement run-rate of INR 3 crore to INR 15 crore.
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