Revfin has taken a significant step in its growth strategy by acquiring a fleet of 15,000 vehicles operating on SUN Mobility’s platform. The takeover, valued at INR 100 crore, marks a notable expansion for Revfin as it aims to accelerate the adoption of electric vehicles across the country. The takeover of the SUN Mobility fleet allows Revfin to enhance its two-wheeler portfolio and focus on last-mile mobility, a key area in India’s push towards greener transportation.
Revfin already partners with several fleet operators, including Shadowfax, Log9, Evera, and Shoffr, and has been steadily growing its presence in the Indian market. The company has financed 65,000 vehicles over the last six months, amounting to loans totalling INR 900 crore. With the recent takeover, Revfin aims to further increase its influence in the EV market, particularly among fleet operators who play a crucial role in daily transportation needs.
Sameer Aggarwal, Founder & CEO of Revfin, mentioned 'This takeover is a vital move towards strengthening our position in the EV fleet industry. SUN Mobility’s portfolio perfectly aligns with our strategy to expand our two-wheeler operations and enhance our reach in last-mile mobility. This deal helps us further establish our market presence and accelerates our efforts to promote sustainable mobility solutions in India.'
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