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Revfin boosts EV growth with new CXOs, targets 5X scale, L5 focus, and deeper inclusion across 25 states and 85K+ EVs financed.
1409 views | Date: April 26, 2025
New Delhi – Revfin Services Private Limited., a digital lending platform focused on sustainable mobility, has announced the appointment of three seasoned leaders to drive its aggressive expansion plans. With an ambitious goal of achieving ₹5,000 crore in disbursements by 2027, the company is charting a 5X growth path over the next two years to cement its position as a leading force in India’s EV financing sector.
As Revfin enters this high-growth phase, the company is also doubling its focus on the rapidly expanding L5 electric vehicle segment, poised to replace internal combustion engine (ICE) vehicles for urban transport. By 2026, Revfin expects its cumulative disbursements to surpass the ₹2,000 crore mark.
Strategic Leadership Appointments to Drive Scale and Efficiency
To power this next chapter, Revfin has inducted three accomplished professionals into its leadership team:
These appointments are a key part of Revfin’s new “People–Process–Profitability” agenda for FY 2026, reinforcing its commitment to build a robust and sustainable EV financing ecosystem.
Mr. Sameer Aggarwal, Founder & CEO of Revfin, said, The last financial year was a volatile one for the EV industry, but the excitement and energy within the sector remains undiminished. At Revfin, we are deeply convinced that intracity and small commercial vehicles must—and will—transition 100% to electric within the next three years. The opportunity is here and now. It’s time to set bold targets and pursue hypergrowth over the next two years.
At this critical juncture, the right leadership becomes essential to realizing our ambitions. With the strong momentum we’ve already built, we’re confident the journey ahead will be even more rewarding. We’ve entered 2025 with a sharp focus on what truly matters: People, Processes, and Profitability. These latest leadership hires are a natural extension of that focus and our commitment to scale with purpose.”
Revfin is targeting 35,000 EVs financed in FY2026, backed by strong systems and a skilled team.
To date, it has financed 85,000+ EVs across 25 states and 1,000+ towns, with 75% of borrowers from marginalized communities.
Driver partners have logged 1.6 billion+ electric miles, earning over USD 400 million cumulatively.
In FY2025, Revfin’s L5 loan book grew 1,700%, powered by a key partnership with Bajaj Auto and collaborations with Delhivery, Rapido, Shadowfax, IndoFast, and Tata Motors.
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Race Auto India is a B2B publication that offers insightful analysis on the latest news, views, and trends in the automotive industry and its associated sectors. With over 10 years of experience in the field of Commercial Vehicles, Logistics, and Market Research, the team at Race Auto India comprises distinguished experts who have a proven track record of delivering high-quality researched content.


