Revfin gears EV expansion with 15,000 vehicles on SUN Mobility’s Platform

Advertisement

Indian EV financing player Revfin has advanced its sustainable mobility strategy by taking over 15,000 vehicles, valued at Rs 100 crore, operating on the SUN Mobility platform.

The portfolio is set to play a pivotal role in enhancing Revfin’s operations and influence in the country. The announcement was jointly made by Sameer Aggarwal, Founder & CEO, Revfin and Anant Badjatya, CEO of SUN Mobility, underscoring the collaborative efforts between the two companies to advance the electric mobility agenda.

Revfin has already established its presence in India with existing fleet partners like Shadowfax, Log9, Evera, and Shoffr currently operating under its portfolio, Revfin plans to double down on its business soon, further solidifying its position in the pan-India market. Till now, the company has financed 65,000 vehicles in the last six months, amounting to a loan value of ₹900 crores.

Sameer Aggarwal, Founder & CEO of Revfin, said, “This marks a crucial step in strengthening our presence in the EV fleet sector. The SUN Mobility portfolio aligns perfectly with Revfin’s strategy, allowing us to double our two-wheeler portfolio and significantly expand our last-mile mobility. This takeover reinforces our market dominance. We are excited to expand our operational reach and contribute to the rapid adoption of sustainable mobility solutions in India.”

Anant Badjatya, CEO of SUN Mobility, stated, “At SUN Mobility, we are committed to enabling sustainable mobility through innovative energy solutions. Our partnership with Revfin represents a shared vision of accelerating the transition to electric vehicles in India. By integrating our portfolio with Revfin’s financing capabilities, we are confident that this collaboration will drive substantial growth in EV adoption in India.”

Also Read : Automotive R&D Trends conference highlights autonomous, electric vehicle concepts