VC Fund Investments
EV financing platform Revfin raises $10-M from Green Frontier Capital, LV Nueva, others
Delhi-based electric vehicle financing platform Revfin has raised USD 10 million (over INR 80 crore) in a Series A round from Green Frontier Capital (lead investor), LC Nueva and other existing investors. The funding round was a combination of equity and debt. Revfin will use the new funds to expand its geographical footprint to 25 states and capture over 10% of the national market share in financed electric three-wheelers. The fresh funds would also be used to diversify into electric two-wheelers for last-mile deliveries and electric four-wheelers for mid-mile cargo delivery and ride-share taxis. The company claims to have financed over 10,000 electric three-wheelers in 14 states through 400 dealerships.
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