Revfin, incorporated in 2018 by Founder & CEO Sameer Aggarwal is headquartered in New Delhi and is on a mission to Revolutionise Sustainable Mobility for commercial EV across first, mid, and last-mile connectivity. Revfin provides accessible loans to individuals lacking credit history and facing financial constraints. The Company’s vision is to emerge as the largest lending institution, facilitating financial support to those with limited education, no banking history, and financial disabilities. Revfin deploys innovative underwriting techniques including psychometric assessments, biometric verification, and gamification to evaluate loan applicants. Moreover, the entire loan application process is conducted digitally through a mobile application. Till date, Revfin has financed over 65,000 electric 2 wheeler, 3 wheeler and, 4 wheeler vehicles by disbursing loans of around 120 million USD
The Company has gained recognition from Forbes India and D Globalist at DGEMS 2023 for its global business potential. Currently, it operates across 25 states in India and has established key partnerships with 100+ Original Equipment Manufacturers (OEMs), including Bajaj Auto, Tata Motors, Bounce Infinity, Kinetic Green in order to drive growth and innovation within the Commercial EV industry.
The Company has gained recognition from Forbes India and D Globalist at DGEMS 2023 for its global business potential. Currently, it operates across 25 states in India and has established key partnerships with 100+ Original Equipment Manufacturers (OEMs), including Bajaj Auto, Tata Motors, Bounce Infinity, Kinetic Green in order to drive growth and innovation within the Commercial EV industry.
Till late 2023, the Company has raised USD 13.2 million in a Series-B funding round led by Omidyar Network, with participation from ADB Ventures, Green Frontier Capital, Companion Capital, LC Nueva among others. In addition to Financing, it has also strengthened its footprint in its sustainable mobiliy agenda with the launch of Revfinsure (vehicle insurance through a corporate broking license) RevIoT (telematics for EVs) and Revshaala (workshop enabling vehicle and battery Life extension of commercial EVs).
In seven years since its inception, Revfin has pioneered with its contributions to sustainable mobility and financial inclusion. Through its innovative approach and commitment to sustainability, Revfin is driving the future of EV adoption and sustainable mobility while creating opportunities for individuals who have limited access to traditional financial services. As the Company continues to expand its reach and partnerships, it is well-positioned to play a crucial role in advancing sustainable transportation globally.
In seven years since its inception, Revfin has pioneered with its contributions to sustainable mobility and financial inclusion. Through its innovative approach and commitment to sustainability, Revfin is driving the future of EV adoption and sustainable mobility while creating opportunities for individuals who have limited access to traditional financial services. As the Company continues to expand its reach and partnerships, it is well-positioned to play a crucial role in advancing sustainable transportation globally.