RevFin raised funds from Shell Foundation in partnership with EV operator SmartE

Digital consumer lending platform RevFin raised an undisclosed amount from Shell Foundation, in partnership with electric vehicle operator SmartE. Would use it for extending new loans for electric three-wheelers operating on SmartE’s platform, enabling asset financing of 800 drivers, impacting 17,000 lives in Lucknow, Allahabad, and Varanasi.

Under the new partnership, SmartE will enable increased earning opportunities to the drivers performing passenger mobility, as well as delivery services enrolled on its platform. "Our objective is to leverage Shell Foundation's infrastructure to accelerate the adoption of e-mobility solutions for low-income consumers at scale," said Sameer Aggarwal, Founder, RevFin.

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