Revfin finances 15,000 Electric Two-Wheelers in ₹100 crore deal with SUN Mobility

EV financing specialist Revfin has announced 15,000 Electric Two-Wheelers in ₹100 Crore deal with battery swapping firm SUN Mobility reinforcing its commitment to last-mile mobility. The acquisition, announced by Revfin’s CEO Sameer Aggarwal, aligns with the company's strategy to bolster fleet operations and support the growth of EV adoption in India.

Autocar Professional BureauBy Autocar Professional Bureau calendar 06 Sep 2024 Views icon2862 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Revfin finances 15,000 Electric Two-Wheelers in ₹100 crore deal with SUN Mobility

Revfin, Indian EV financing company, has strengthen its position in the electric mobility sector by taking over 15,000 vehicles valued at Rs 100 Crore from SUN Mobility platform.

This takeover aims to expand Revfin’s presence in the electric vehicle sector and support the growth of EV adoption among fleet operators. The deal was announced by Sameer Aggarwal, Founder & CEO of Revfin, and Anant Badjatya, CEO of SUN Mobility.

Speaking about the announcement, Sameer Aggarwal emphasized that this acquisition aligns with Revfin’s strategy to grow its two-wheeler portfolio and expand its operations.

This move will increase Revfin’s fleet portfolio and reinforce its focus on last-mile mobility solutions. Revfin has financed 65,000 vehicles in the past six months, totaling ₹900 crores in loans, as claimed by the company. 

Revfin, established in 2018, offers financing solutions for various types of electric vehicles, including two-wheelers, three-wheelers, and charging infrastructure. The company uses digital tools and certain techniques to provide loans and has established partnerships with numerous OEMs and fleet operators.

RELATED ARTICLES
Renault Group Appoints Duncan Minto as Interim CEO

auther Autocar Professional Bureau calendar15 Jul 2025

Over nearly three decades, Minto has held several key positions across finance, investor relations, and regional leaders...

Indian Racing Festival 2025 Begins with Driver Draft in Mumbai

auther Arunima Pal calendar15 Jul 2025

The 2025 season will begin in August and feature races across multiple cities in India.

Himadri Speciality Chemical to Set Up Wholly Owned Subsidiary in UAE; Appoints New KMP

auther Sarthak Mahajan calendar15 Jul 2025

Board of Directors approves international expansion plan and key management appointment at July 15 meeting.