Revfin shuffles team members, aims to hit ₹5,000 Cr EV Financing by 2027

To disburse ₹5,000 crore by 2027, Revfin, a digital lending platform committed to sustainable mobility, has laid out plans to expand its electric vehicle (EV) financing operations. The company has named three senior leaders to spearhead growth, bolster internal operations, and expand its footprint in the L5 electric vehicle market as part of this strategy.

The updated leadership of the company includes the new Chief Business Officer-New Business Abhinandan Narayan, Chief Operating Officer-Operations & Collections Monish Vohra, and Chief Finance & Strategy Officer Anirudh Gupta. The selections demonstrate Revfin's emphasis on enhancing competencies in the areas of financial strategy, operational effectiveness, and business development.

Revfin anticipates that by 2026, its total payouts will surpass ₹2,000 crore. As a viable alternative to internal combustion engine vehicles for urban transportation, the firm is giving L5 vehicles more attention. These vehicles have the potential to have a big environmental impact and are regarded as crucial to India's transition to electric mobility.

Revfin plans to finance 35,000 electric automobiles by FY2026. More than 1,000 cities and 25 states have seen the financing of more than 85,000 EVs to date. Roughly 75% of its borrowers come from underrepresented groups. Together, its driver partners have earned over USD 400 million and travelled over 1.6 billion electric miles. 

With the help of a collaboration with Bajaj Auto, the business also claimed a significant increase in its L5 automobile loan book in FY2025. Through partnerships with businesses including Delhivery, Rapido, Shadowfax, IndoFast, and Tata Motors, Revfin has further grown its network. It intends to strengthen its position in mid- and last-mile mobility throughout the current fiscal year.