In a groundbreaking move that signals renewed confidence in India’s electric vehicle sector, Revfin EV has announced an ambitious ₹750 crore EV financing target for fiscal year 2025-26. The digital lending platform is supercharging its growth strategy with three key leadership appointments as it aims to multiply its operations fivefold over the next two years.
Are you ready to witness the next phase of India’s EV revolution? Revfin’s latest strategic pivot focuses heavily on the high-potential L5 (e-auto) segment, positioning the company at the forefront of intracity transportation’s electric transformation.
“The last financial year was volatile for the EV industry, but the excitement and energy within the sector remain undiminished,” said Sameer Aggarwal, Founder & CEO of Revfin. “At Revfin, we are deeply convinced that intracity and small commercial vehicles must—and will—transition 100% to electric within the next three years. The opportunity is here and now.”
Strategic Leadership Expansion Fuels Growth Ambitions
To power this hypergrowth phase, Revfin has assembled a formidable leadership team with proven industry expertise:
- Abhinandan Narayan joins as Chief Business Officer – New Business, bringing valuable experience from Prepladder under Unacademy to expand financing opportunities across new and existing market segments.
- Monish Vohra steps in as Chief Operating Officer – Operations & Collections after heading Customer Experience and Operations at SBI Cards, tasked with strengthening operational efficiencies as the company scales.
- Anirudh Gupta takes the role of Chief Finance & Strategy Officer, leveraging his background at Grant Thornton Bharat to lead financial planning and investor relations.
These strategic appointments align perfectly with Revfin EV’s 2025 focus on what Aggarwal describes as “People, Processes, and Profitability” – the three pillars driving the company’s scale-with-purpose approach.
Revfin EV’s Impressive Track Record Sets Stage for Ambitious Growth
Revfin EV’s confidence in setting such an ambitious target isn’t unfounded. The company’s impressive achievements speak volumes:
Revfin EV’s Financing Milestones
| Achievement | Impact |
|---|---|
| 85,000+ EVs financed | Across 25 states with presence in 1,000+ towns |
| 75% of borrowers | From marginalized communities |
| 1.6 billion+ | Electric miles logged by driver partners |
| $400 million+ | Cumulative earnings by driver partners |
| 1,700% growth | In L5 vehicle loan book (FY2025) |
| 24,000 EVs | Target for financing in FY2026 |
The company has made significant progress in expanding its L5 vehicle loan portfolio, helped by a strategic partnership with Bajaj Auto. Additionally, Revfin has strengthened alliances with key players in the logistics and mobility space, including Delhivery, Rapido, Shadowfax, IndoFast, and Tata Motors – partnerships that will play a crucial role in expanding its presence in mid- and last-mile mobility solutions.
Why the L5 Focus Matters for India’s EV Transition
Revfin EV’s strategic emphasis on the L5 segment isn’t arbitrary. Unlike L3 or two-wheeler EVs, L5 vehicles directly replace internal combustion engine (ICE) vehicles, making them critical drivers of India’s decarbonization journey.
“The segment is showing strong market signals, with new entrants like Bajaj accelerating consumer adoption,” notes industry analysts tracking the EV financing space. With new product launches facilitating increased consumer adoption, this category is gaining significant market traction.
Since its founding in 2018, Revfin EV has positioned itself as a champion of sustainable mobility and financial inclusion. The company offers comprehensive financing solutions through its own non-banking financial company (NBFC), utilizing alternative data sources like biometrics, psychometrics, and gamification for borrower assessment. Their financing portfolio encompasses electric two-wheelers, three-wheelers, four-wheelers, batteries, and charging infrastructure.
What This Means for India’s EV Ecosystem
The bold moves by Revfin signal growing confidence in India’s EV sector despite recent volatility. As financing becomes more accessible, particularly for commercial EV segments, we can expect accelerated adoption rates and greater momentum in the country’s transition to electric mobility.
For drivers and fleet operators, especially those from underserved communities, Revfin’s expanded financing capabilities open new pathways to sustainable livelihoods while contributing to cleaner urban environments.
Also Read: India’s EV Policy: Caught Between Progress and Politics
Frequently Asked Questions
Q: What is Revfin EV’s financing target for FY2026?
A: Revfin has set an ambitious target of ₹750 crore in EV financing disbursements for the fiscal year 2025-26.
Q: How many electric vehicles has Revfin financed so far?
A: Revfin has financed over 85,000 electric vehicles across 25 states in India, with a strong presence in more than 1,000 towns.
Q: What is the L5 vehicle segment that Revfin is focusing on?
A: The L5 segment primarily includes electric three-wheelers (e-autos) used for passenger and cargo transport in intracity settings.
Q: Who are the new leaders joining Revfin’s team?
A: Revfin EV has appointed Abhinandan Narayan as Chief Business Officer, Monish Vohra as Chief Operating Officer, and Anirudh Gupta as Chief Finance & Strategy Officer.
Q: How does Revfin contribute to financial inclusion?
A: Approximately 75% of Revfin EV’s borrowers come from marginalized communities, demonstrating the company’s commitment to financial inclusion alongside sustainable mobility.
Q: What is Revfin’s cumulative disbursement since inception?
A: Since its founding in 2018, Revfin EV has disbursed loans worth nearly ₹2,000 crore.
As India accelerates toward a greener transportation future, companies like Revfin EV are proving that the right blend of vision, leadership, and financial innovation can overcome market volatility and drive transformative change. The road to widespread EV adoption may have its bumps, but with bold financing targets and strengthened leadership teams, the journey just got a significant boost.
