Revfin Sets ₹5,000 Cr EV Financing Target by 2027, Appoints New CXOs to Drive L5 Growth

In a major push to scale its electric vehicle financing operations, Revfin, India’s premier digital lending platform for sustainable mobility, has set an ambitious target of ₹5,000 crore in EV disbursements by 2027. This move comes alongside a strategic leadership expansion and a sharper focus on the booming L5 electric vehicle segment—a key pillar in India's clean transportation future.

With an eye on 5X growth over the next two years, Revfin is gearing up to finance 35,000 EVs in FY2026, up from 85,000 EVs financed to date across 25 states and 1,000+ towns.

New CXOs to Power "People-Process-Profitability" Agenda

To support this scale-up, Revfin has strengthened its CXO bench with three senior appointments:

• Abhinandan Narayan, Chief Business Officer (New Business) – ex-Unacademy, will spearhead segment expansion.
• Monish Vohra, Chief Operating Officer (Operations & Collections) – ex-SBI Cards, brings operations excellence.
• Anirudh Gupta, Chief Finance & Strategy Officer – ex-Grant Thornton Bharat, will oversee finance and capital strategy.

“The EV sector has momentum and urgency. We are setting bold goals and building the leadership to deliver them responsibly,”
said Sameer Aggarwal, Founder & CEO, Revfin.

Why L5 EVs Are Revfin’s Big Bet for FY2026

Revfin is betting big on L5 EVs, which include electric autos and commercial 3-wheelers, essential for replacing ICE vehicles in intracity and mid-mile transport.

• 1,700% growth in L5 loan book in FY2025
• Strategic partnerships with Bajaj Auto, Rapido, Delhivery, Shadowfax, IndoFast, and Tata Motors
• Aim to dominate L5 financing in FY2026

Unlike L2 or 2W EVs, L5 EVs directly displace fossil fuel vehicles, helping reduce urban emissions while supporting gig economy workers and fleet operators.

Impact So Far: Revfin by the Numbers

• ₹2,000 Cr+ in cumulative disbursements expected by 2026
• 85,000+ EVs financed
• 1.6 billion+ electric miles logged
• $400M+ in earnings generated for driver partners
• 75%+ loans disbursed to marginalized communities

Revfin’s unique credit underwriting leverages biometrics, psychometrics, and gamification—enabling access to EV loans for underserved populations through its NBFC.

Building a Sustainable, Inclusive Mobility Ecosystem

Beyond financing, Revfin is developing a full-stack EV ecosystem:

• Digital loan platform with IoT-enabled tracking
• Financing for 2W, 3W, 4W, batteries, and charging stations
• Entry into EV leasing for fleets and ecommerce logistics
• Focus on secondary EV markets and ecosystem innovation