In a bid to promote electric mobility and environmental sustainability nationwide through EV financing, RevFin has rolled out its ambitious #RevFinBharatYatra campaign.
Accordingly, by March 2023, RevFin aims to reach out to new States and have footprints in 50 cities with 1,000 dealers and add new 10,000 customers.
The campaign begins with the fintech platform’s foray into Assam. Revfin targets cities like Allahabad, Lucknow, Gorakhpur, Kanpur, Agra, Etawah, Bhopal, Indore, Ujjain, Hyderabad, Bangalore, Chennai, Puri, Rourkela, Baleswar, Jaipur, Seeker, Alwar, Udaipur among others.
Further, it will team up with its preferred OEM partners and dealers like Yatri, Mayuri, Saarthi, Citylife, SAR, Kinetic, Baxy and Goenka. It will continue to forge new partnerships with OEMs and dealers across different vehicle types.
The company targets to initiate five new partnerships in different forms of mobility, like 2W,3W and 4W, with e-commerce and other last-mile connectivity operators. In addition, the advanced digital lending platform targets financing two million electric vehicles in the next five years.
Sameer Aggarwal, Founder and CEO, RevFin, noted that India has a 2030 goal of achieving EV sales of 30% for private cars, 70% for commercial vehicles, and 80% for 2Ws and 3Ws.
As the north-eastern State aims to phase out the fossil fuel-based commercial fleets and logistics vehicles in all cities by 2030, Revfin commits to financing 40% of financed vehicles in Assam by March 2023.
Meanwhile, in Lucknow, the company aims to increase its market share by 20% by March 2023 and have 10% of its financed vehicles onboarded on different shared mobility platforms by partnering with shared mobility players.
In the next six months, it will operate across 2, 3, and 4-wheelers and finance ancillaries like batteries, Aggarwal added.
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