Revfin Services, an advanced digital consumer lending platform launched its #RevFinBharatYatra campaign by foraying into the EV leasing business in Delhi.

Through its campaign, Revfin targets financing two million electric vehicles in the next five years, registers itself in new states and has footprints in 50 cities with 1000 dealers and targets adding 10,000 new customers. It also targets initiating five  new partnerships in different forms of mobility, like 2W, 3W, and 4W, with e-commerce and other last-mile connectivity operators. The campaign not only expands geographical footprints but also explores and ventures into different options for financing electric vehicles. 

Revfin has signed a deal with Zyngo EV Mobility Private Limited to finance and lease 25+ L5 3-Wheelers and 200+ highspeed 2-Wheelers in the next three months in Delhi and Bangalore, executing hyperlocal deliveries and working towards transforming the face of mobility.

With this new leasing vertical, Revfin Services Private Limited aims at driving the logistics towards sustainability and revolutionising mid-mile and last-mile deliveries for which 25 EVs have been deployed in Delhi so far. The leased vehicle would be available for up to three years, thus offering easy ownership and preference for personalised services resulting in better customer engagement. 

So far, Revfin has already disbursed over $18 million to fund over 13,000 electric vehicles in 15 states with 550+ dealerships and 10+ top original equipment manufacturers (OEMs). Having recently closed $10 million in Series A funding, the company plans to utilise it to capture over a 10 per cent share of the financed electric three-wheeler market in 50 cities and diversify its business in other segments like two-wheelers for last-mile deliveries, and four-wheelers for mid mile cargo delivery and rideshare taxis.