Revfin acquires 15,000 vehicles on SUN Mobility’s platform

Revfin, an EV finance giant, has acquired 15,000 vehicles working on the SUN Mobility platform. The ₹100 crore acquisition comes as a significant step for Revfin’s mission to increase  EV adoption and expand its fleet operation throughout the nation.

The statement, jointly made by Sameer Aggarwal, Founder & CEO of Revfin, and Anant Badjatya, CEO of SUN Mobility, underlines the two firms' combined efforts to accelerate India's transition to electric transportation.

This update would dramatically expand Revfin's operations in India, notably in the fleet sector. Revfin intends to improve its position in the EV fleet market by merging SUN Mobility's vehicle portfolio, with a particular emphasis on last-mile mobility and two-wheeler EVs. In addition to these vehicles, its portfolio will allow the business to double its two-wheeler fleet, solidifying its market leadership.

From key partnerships with major fleet operators like Shadowfax, Log9, Evera, and Shoffr, Revfin has already become a major player in the Indian EV market. In the last six months alone, the company has financed a total of 65,000 vehicles with loans amounting to ₹900 crores. The acquisition will further trigger the rapid growth path that Revfin is on, putting greater focus on making access to EVs easier for more people.

The update will position Revfin to extend its footprint in the rapidly developing Indian EV sector. With the demand for electric mobility going up, such collaborations will prove very crucial in helping India transition toward a greener, cleaner transportation system.