About 15,000 electric two-wheelers worth approximately Rs. 100 crore will be financed by Revfin, an EV financing startup based in India, and they will use SUN Mobility’s platform.
With this acquisition, Revfin hopes to strengthen its position in the EV market and encourage fleet operators to embrace more EVs. Anant Badjatya, CEO of SUN Mobility, and Sameer Aggarwal, Founder & CEO of Revfin, announced the deal.
Speaking about the announcement, Sameer Aggarwal stressed how this acquisition fits with Revfin’s plan to increase its business and diversify into the two-wheeler market.
By making this change, Revfin will broaden its range of vehicles and intensify its emphasis on last-mile mobility solutions. According to the corporation, in the last six months, Revfin has financed 65,000 cars with loans totaling ₹900 crores.
Founded in 2018, Revfin provides financing options for two- and three-wheelers as well as charging infrastructure for electric cars. The organization has agreements with multiple OEMs and fleet operators and provides loans through specific procedures and digital tools.
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