About 15,000 electric two-wheelers worth around Rs 100 crore will be sponsored by Revfin, an EV funding startup based in India, and they will utilize SUN Mobility’s platform.
Revfin intends to use this acquisition to improve its reputation in the EV industry and persuade fleet managers to adopt more EVs. The agreement was announced by Sameer Aggarwal, the founder and CEO of Revfin, and Anant Badjatya, the CEO of SUN Mobility.
Sameer Aggarwal emphasized in his remarks on the announcement how this acquisition aligns with Revfin’s strategy to grow its client base and expand into the two-wheeler industry.
By implementing this modification, Revfin will expand its range of vehicles and boost its stress on last-mile mobility solutions. According to the corporation, over the past six months, Revfin has provided loans worth ₹900 crores to finance 65,000 cars.
Established in 2018, Revfin offers financing alternatives for two- and three-wheelers in addition to electric car charging infrastructure. The company offers loans through particular protocols and digital tools and has bonds with several OEMs and fleet operators.
