Revfin, a leading digital lending platform, concluded its Series B funding round, securing 14 million dollars (Rs 115 crore).  spearheaded the round with a 5-million-dollar investment, joined by the Asian Development Bank, Companion Capital Limited, and existing investors Green Frontiers Capital and LC Nueva. This funding brings Revfin's total capital raised through debt and equity to Rs 625 crore. Noteworthy angel investors such as Dhiiraj Jain (Redcliffe Labs), Anuraag Jaipuria, Ruchi Rans Jaipuria, Rishi Kajaria, Let's Venture Angel Fund, Harash Jain, and others supported Revfin.

This recent capital infusion is Revfin's second significant investment in the last 12 months. The funds will help advance Revfin's aim to fortify the electric vehicle (EV) ecosystem, providing financing for electric two-wheelers (e2Ws), electric three-wheelers (e3Ws), and all other types of electric vehicles. Additionally, the funding will support various components of the EV ecosystem, including charging stations and batteries.

Sameer Aggarwal, Founder and CEO, Revfin, stated, "I am delighted to announce that, with the backing of Omidyar Network and our esteemed investors, we have successfully raised 14 million dollars. This funding will empower us to further enhance the EV ecosystem and contribute to the growth of all types of electric vehicles in India."