Revfin Targets ₹750 Crore EV Financing in FY2025-26, Strengthens Leadership Team

Key Highlights:

• Revfin has set a target to disburse ₹750 crore in electric vehicle (EV) financing during FY2025–26.
• The company appointed three new senior leaders to support its expansion.
• Revfin plans to expand its operations by almost five times.
• The company has supported the financing of more than 85,000 electric vehicles across 25 states.
• Revfin is focusing on the L5 electric vehicle segment and expanding partnerships.

Revfin, a digital lending platform focused on electric vehicle (EV) financing, has announced an ambitious target of disbursing ₹750 crore in loans during the financial year 2025–26. This move is part of its broader strategy to expand operations, especially in the fast-growing L5 electric vehicle segment.

Focus on Scaling Operations

Since its inception in 2018, Revfin has disbursed loans worth nearly ₹2,000 crore. Now, the company plans to scale its business almost five times bigger compared to what it achieved over the past two years. Its focus is to deepen its presence in intracity transport by making EV financing more accessible. With the EV market picking up pace, Revfin sees huge potential, especially in small commercial vehicles and passenger vehicles operating within cities.

The company has financed over 85,000 electric vehicles across 25 states. It has also built a strong presence in more than 1,000 towns. Notably, about 75% of Revfin’s borrowers come from marginalized communities, showing its strong commitment to financial inclusion. Drivers supported by Revfin have together travelled over 1.6 billion electric miles and earned more than USD 400 million.

New Leaders to Power Growth

To fuel this next stage of growth, Revfin has appointed three new senior executives:

Abhinandan Narayan joins as Chief Business Officer – New Business and will focus on expanding financing in both existing and new markets.

Monish Vohra has been appointed as Chief Operating Officer – Operations & Collections. He will handle customer operations and collections.

Anirudh Gupta, who earlier worked at Grant Thornton Bharat, has been appointed as Chief Finance & Strategy Officer. He will handle financial planning and investor relations.

Sameer Aggarwal, Founder and CEO of Revfin, shared that while the EV sector faced some challenges last year, it still holds a lot of promise. He believes that small commercial and city-based vehicles are on their way to becoming fully electric soon. According to him, setting clear goals and building a strong leadership team is crucial for achieving sustainable growth.

The L5 segment, which mainly includes three-wheelers used for passenger and cargo transport, is a main area for Revfin in FY2026. The company expanded its L5 vehicle loan book significantly last year through partnerships with Bajaj Auto and other leading logistics and mobility companies like Delhivery, Rapido, Shadowfax, IndoFast, and Tata Motors.

Revfin sees L5 vehicles as vital for India’s decarbonization journey because they can directly replace internal combustion engine (ICE) vehicles. The market is seeing a surge in new EV products in this segment, making it easier for customers to switch to electric options.

Moving Beyond Loans

Apart from traditional EV loans, Revfin has also stepped into the EV leasing market through partnerships with fleet operators. The company is working with more than 100 OEMs and fleet partners. It is also building a strong market for used electric vehicles. Revfin’s innovative approach, using biometrics, psychometrics, and gamification to assess borrowers, sets it apart in the financial sector. Digital tools and IoT-enabled monitoring help keep track of vehicles and support driver earnings, making the overall system smarter and more efficient.

Also Read: Revfin Launches 'Jagriti Yatra Abhiyaan' in Uttar Pradesh

CMV360 Says

With its expansion plans, focus on the growing L5 EV segment, and strengthened leadership, Revfin is setting itself up as a major player in India’s electric mobility financing space. As the shift toward sustainable transport speeds up, platforms like Revfin are expected to play a major role in shaping the future of clean and inclusive mobility in the country.