Revfin focuses on expanding L5 EV financing, appoints new CXOs to support growth plans and aims to enhance financial inclusion and sustainable mobility across India by FY2026.
21 Apr 2025 | 828 Views | By Sarthak Mahajan
Revfin, a digital lending platform focused on sustainable mobility, has outlined plans to scale its electric vehicle (EV) financing operations with a target of ₹5,000 crore in disbursements by 2027. As part of this strategy, the company has appointed three senior leaders to drive expansion, strengthen internal operations, and deepen ...
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Revfin, a digital lending platform focused on sustainable mobility, has outlined plans to scale its electric vehicle (EV) financing operations with a target of ₹5,000 crore in disbursements by 2027. As part of this strategy, the company has appointed three senior leaders to drive expansion, strengthen internal operations, and deepen its presence in the L5 electric vehicle segment.
The new leadership team includes Abhinandan Narayan as Chief Business Officer – New Business, Monish Vohra as Chief Operating Officer – Operations & Collections, and Anirudh Gupta as Chief Finance & Strategy Officer. The appointments reflect Revfin’s focus on building capabilities across business development, operational efficiency, and financial strategy.
Revfin expects its total disbursements to cross ₹2,000 crore in 2026. The company is placing increased emphasis on L5 vehicles, which it views as a practical replacement for internal combustion engine vehicles in urban transport. These vehicles are seen as essential to India’s electric mobility transition, offering potential for significant environmental impact.
CEO and Founder Sameer Aggarwal commented that the previous financial year presented challenges for the EV sector, but opportunities remain strong. He emphasized the company’s focus on people, processes, and profitability as it enters its next growth phase.
In FY2026, Revfin aims to finance 35,000 electric vehicles. To date, it has financed over 85,000 EVs across 25 states and more than 1,000 towns. Approximately 75% of its borrowers are from marginalized communities. Its driver-partners have collectively driven over 1.6 billion electric miles and earned more than USD 400 million.
The company also reported substantial growth in its L5 vehicle loan book in FY2025, supported by a partnership with Bajaj Auto. Revfin has further expanded its network through collaborations with companies such as Delhivery, Rapido, Shadowfax, IndoFast, and Tata Motors. In the current financial year, it plans to further consolidate its position in mid- and last-mile mobility.
Revfin’s focus on the L5 category stems from its potential to accelerate EV adoption in commercial transport. This segment has gained momentum with the involvement of key industry players, offering a pathway to reduce urban emissions.
Established in 2018, Revfin is a digital lending platform offering financing solutions for electric vehicles. It uses technologies such as biometrics, psychometrics, and gamification to assess creditworthiness, and operates through its own NBFC. Revfin has financed various vehicle categories including E3Ws, 2Ws, 4Ws, batteries, and charging stations. It also provides IoT-enabled monitoring to help drivers optimize usage and earnings. The company has partnered with over 100 OEMs and fleet operators and recently expanded into EV leasing, supporting the growth of e-commerce and fleet management in India.