EV fintech lending startup RevFin raised INR 100 crore in debt led by Northern Arc and others


Electric vehicle-focused fintech lending startup RevFin raised INR 100 crore in debt led by Northern Arc, LiquiLoans, UK Charity Shell Foundation, and other investors.


RevFin is a consumer lending platform that provides loans to individuals. RevFin will use the funds to extend its e-rickshaw lending operations into additional states including as Assam, MP, Rajasthan, and Punjab. It also wants to expand its 20% market share in Uttar Pradesh, Bihar, Uttarakhand, and Jharkhand. The business hopes that the funding will hasten the adoption of electric vehicle solutions among India's unbanked and disadvantaged. The funds will also be used by RevFin to finance and lease two-wheelers for ecommerce deliveries. It operates in 18 Indian states and has over 350 dealership sites. It also has its own NBFC, which uses non-traditional data to make loans.

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