RevFin, KPTL, and Bluwheelz collaborate for Retrofitted E-Trucks

Aims for 100% conversion of the fleet of trucks in this category over the next 5 years with support from government schemes & policies and in partnerships with OEMs and fleet operators

New Delhi- RevFin Services Private Limited., a digital platform in sustainable mobility, announces its collaboration with Kalyani Powertrain Ltd (KPTL)., the electric mobility arm of Bharat Forge Ltd, and Bluwheelz Mobility Services Pvt Ltd., a provider of sustainable logistical solutions, to revolutionize the EV ecosystem and promote sustainable transportation

Introducing retrofitted electric trucks to India's logistics sector, aiming for 100% fleet conversion in five years. With innovative financial products and support from government schemes, OEMs, and fleet operators, they're revolutionizing the EV ecosystem to promote sustainable transportation. 

KPTL has achieved a milestone by homologating retrofitted electric trucks in the 10-16T GVW category for the N3 Goods Carrier segment, a first of its kind. These trucks cater to various sectors like FMCG, e-commerce, cement, steel, and perishable goods, promoting 'Made in India' solutions globally. Retrofitting EVs is pivotal for sustainable urban transport, aiding in the transition to electric vehicles and extending the lifespan of older vehicles by 5 to 7 years, aligning with global efforts to combat climate change and reduce emissions. 

Faster adoption of retrofitted EVs and EVs in general hinges on accessible, cheaper financing from financial and climate-focused institutions worldwide. Supporting schemes and incentives for earning carbon credits can further reduce financing costs, fostering broader EV adoption. Transitioning to electric vehicles presents challenges, but with coordinated efforts from government, industry, and public engagement, we can overcome hurdles and pave the way for a sustainable future. 

Mr. Sameer Aggarwal, CEO and Founder, Revfin, said “We are dedicated to revolutionizing sustainable mobility and strengthening the EV ecosystem. Retrofitting is key to achieving decarbonization and net-zero goals worldwide, making EV adoption more accessible while fostering a greener future. It extends vehicle lifespan, integrates recycling principles, and reduces operating costs. By financing retrofitted vehicles, Revfin supports broader sustainability goals. However, we advocate for regulations that simplify retrofitting processes and extend the vehicle registration period beyond 15 years. Deep research on battery life extension will also help this sector. The scope of retrofitting isn't limited to fleets but extends to school buses, chartered buses, travel, tourism, and beyond.” 

Mr. CP Sethi, CEO and Co-founder, Bluwheelz, said “This marks the launch of India’s first medium-duty retrofitted electric trucks for the mid-mile logistics segment in India. These trucks are capable of carrying a payload ranging between 7-10T and are designed to operate on intercity routes. We are deploying these trucks to serve a wide clientele base across various sectors to ensure fulfilling their green and clean mobility goals. We appreciate both Revfin and KPTL for their invaluable support in making this journey possible towards achieving sustainability in the logistics sector. 

Ms. Amit Kalyani, the Vice-Chairman & Joint Managing Director, Bharat Forge Ltd, said “KPTL is dedicated to developing sustainable transportation infrastructure. The company is committed to innovation and sustainability in addressing the needs of heavy electric vehicles in India. By introducing ground-breaking EV products and promoting retrofitted vehicles, we aim to make these vehicles the preferred choice for customers as these trucks can result in a 24% reduction in the Total Cost of Ownership (TCO) as compared to new electric models.