Revfin accelerates EV expansion by taking over 15,000 vehicles, valued at INR 100 Crore, operating on the SUN Mobility platform. This significant move highlights Revfin’s dedication to accelerating electric vehicle adoption and transforming fleet operations across India. The portfolio is set to play a pivotal role in enhancing Revfin’s operations in the country and promote sustainable transportation.
The announcement was jointly made by Sameer Aggarwal, Founder & CEO, Revfin and Anant Badjatya, CEO of SUN Mobility, underscoring the collaborative efforts between the two companies to advance the electric mobility agenda.
This deal not only broadens Revfin’s operational footprint but also reinforces Revfin’s commitment to expanding its mobility business vertical, with a strategic focus on driving EV adoption among fleet operators.
Revfin has already established a significant presence in India with existing fleet partners like Shadowfax, Log9, Evera, and Shoffr currently operating under its portfolio, Revfin plans to double down on its business soon, further solidifying its position in the pan-India market. Till now, the company has financed 65,000 vehicles in the last six months, amounting to a loan value of INR 900 crores.
Commenting on this strategic move, Sameer Aggarwal, Founder & CEO of Revfin, said, “This marks a crucial step in strengthening our presence in the EV fleet sector. 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. We are excited to expand our operational reach and contribute to the rapid adoption of sustainable mobility solutions in India.” He further added, “Revfin is thrilled to be a driving force in this transformation, and we remain committed to making EVs accessible to all.”
Adding to the significance of this partnership, Anant Badjatya, CEO of SUN Mobility, stated, “At SUN Mobility, we are committed to enabling sustainable mobility through innovative energy solutions. Our partnership with Revfin represents a shared vision of accelerating the transition to electric vehicles in India. By integrating our portfolio with Revfin’s financing capabilities, we are confident that this collaboration will drive substantial growth in EV adoption in India.”