Revfin, India’s top electric vehicle (EV) financing firm, is ramping up its sustainable mobility efforts by acquiring 15,000 vehicles, worth Rs 100 crore, that run on the SUN Mobility platform.
This bold move underscores Revfin’s commitment to speeding up EV adoption and transforming fleet operations across the nation.
The deal, announced by Revfin Founder & CEO Sameer Aggarwal and SUN Mobility CEO Anant Badjatya, highlights the joint effort to push forward India’s electric mobility agenda. By integrating this new fleet into its operations, Revfin aims to enhance its market impact and expand its footprint in the EV sector.
Sameer Aggarwal commented on the acquisition, “The SUN Mobility portfolio aligns perfectly with Revfin’s strategy, allowing us to double our two-wheeler portfolio and significantly expand our last-mile mobility. This takeover reinforces our market dominance.”
Anant Badjatya added, “By integrating our portfolio with Revfin’s financing capabilities, we are confident that this collaboration will drive substantial growth in EV adoption in India.”
With a strong presence in India already established through partnerships with companies like Shadowfax, Log9, Evera, and Shoffr, Revfin plans to double its business activities. In just the past six months, the company has financed 65,000 vehicles, totaling Rs 900 crore in loans.
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