Revfin sets a ₹750 crore disbursement target for FY2026, appoints new senior leaders to support operational growth, strengthen financial strategy, and expand EV financing, with a focus on the L5 electric vehicle segment.
17 Apr 2025 | 1933 Views | By Sarthak Mahajan
Digital lending platform Revfin has announced a target of ₹750 crore in electric vehicle (EV) financing disbursements for the financial year 2025–26. As part of its expansion strategy, the company has appointed three new senior executives to support its growth plans, particularly in the fast-growing L5 electric vehicle segment.
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Digital lending platform Revfin has announced a target of ₹750 crore in electric vehicle (EV) financing disbursements for the financial year 2025–26. As part of its expansion strategy, the company has appointed three new senior executives to support its growth plans, particularly in the fast-growing L5 electric vehicle segment.
The company’s cumulative disbursements are expected to cross ₹2,000 crore since its inception in 2018. Revfin is also aiming to scale its operations to nearly five times the size achieved over the past two years, with a focus on deepening its presence in intracity transport through EV financing.
To support this next phase of growth, Revfin has appointed Abhinandan Narayan as Chief Business Officer – New Business. Narayan, who previously worked with Prepladder at Unacademy, will be responsible for expanding financing across both existing and new segments. Monish Vohra, former Head of Customer Experience and Operations at SBI Cards, joins as Chief Operating Officer – Operations & Collections. Anirudh Gupta, previously with Grant Thornton Bharat, has been named Chief Finance & Strategy Officer. He will oversee financial planning and investor relations.
Speaking on the appointments, Sameer Aggarwal, Founder and CEO of Revfin, said that while the EV industry faced challenges in the previous year, the sector continues to hold significant potential. He noted that small commercial and intracity vehicles are likely to transition entirely to electric in the near future and emphasized the importance of setting clear targets and building the right leadership team to support growth.
In FY2026, Revfin is targeting the financing of approximately 24,000 electric vehicles. The company has already financed over 85,000 EVs across 25 states and maintains a presence in more than 1,000 towns. Around 75 percent of its borrowers come from marginalized communities. Driver partners supported by Revfin have collectively travelled more than 1.6 billion electric miles and have earned over USD 400 million in total.
In the previous financial year, the company expanded its L5 vehicle loan book significantly, supported by a partnership with Bajaj Auto. It also extended collaborations with logistics and mobility companies such as Delhivery, Rapido, Shadowfax, IndoFast, and Tata Motors. The L5 segment remains a core focus for FY2026, as Revfin looks to increase its footprint in mid- and last-mile mobility.
The company sees L5 vehicles as a strategic priority, given their potential to directly replace internal combustion engine (ICE) vehicles and contribute to India’s decarbonization goals. The segment is gaining attention in the market, with new product offerings helping boost consumer adoption.
Founded in 2018, Revfin is a digital lending platform focused on sustainable mobility and financial inclusion. The company offers financing solutions for electric vehicles through its own NBFC, using alternative data sources such as biometrics, psychometrics, and gamification to evaluate borrowers. Revfin’s portfolio includes financing for electric two-wheelers, three-wheelers, four-wheelers, batteries, and charging infrastructure.
In addition to its loan offerings, Revfin has entered the EV leasing space through partnerships with fleet aggregators. The company works with over 100 OEMs and fleets, and it continues to invest in developing a secondary market for electric vehicles. Revfin’s operations are supported by digital tools and IoT-enabled monitoring systems aimed at improving vehicle tracking and supporting driver earnings.
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