Key Highlights:
- Revfin acquires 15,000 vehicles from SUN Mobility for ₹100 crore.
- The acquisition aims to boost EV adoption and expand fleet operations across India.
- Revfin plans to double its two-wheeler fleet, focusing on last-mile mobility.
- In six months, Revfin financed 65,000 vehicles with loans totaling ₹900 crores.
Revfin’s Strategic Acquisition of SUN Mobility Vehicles
Revfin, a leading EV finance company, has made a significant move by acquiring 15,000 vehicles operating on SUN Mobility’s platform. The ₹100 crore acquisition is a crucial step in Revfin’s mission to enhance electric vehicle (EV) adoption across India and expand its fleet operations nationwide.
Strengthening India’s EV Transition
Sameer Aggarwal, Founder & CEO of Revfin, and Anant Badjatya, CEO of SUN Mobility jointly made the announcement. Both leaders emphasized their commitment to accelerating India’s shift toward electric transportation. This acquisition is expected to substantially boost Revfin’s presence in the Indian market, particularly in the fleet sector.
Expanding EV Fleet Operations
Revfin aims to strengthen its position in the EV fleet market with this acquisition. The integration of SUN Mobility’s vehicle portfolio will allow Revfin to double its two-wheeler fleet. The company will focus on last-mile mobility and two-wheeler EVs, reinforcing its market leadership.
Key Partnerships and Growth
Revfin is already a significant player in the Indian EV market, thanks to partnerships with major fleet operators like Shadowfax, Log9, Evera, and Shoffr. In the past six months alone, Revfin has financed 65,000 vehicles with loans totaling ₹900 crores. The acquisition of these 15,000 vehicles will further accelerate Revfin’s growth, making EVs more accessible to a broader audience.
Revfin’s Role in India’s EV Sector
This acquisition positions Revfin to expand its footprint in the rapidly growing Indian EV sector. As demand for electric mobility rises, such strategic collaborations will be key to helping India transition to a greener and cleaner transportation system.
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ELCTRIK Speaks
Revfin’s acquisition of 15,000 vehicles from SUN Mobility marks a significant milestone in its mission to promote electric vehicle adoption in India. This move not only expands Revfin’s fleet operations but also strengthens its leadership in the EV market. As demand for electric mobility continues to grow, Revfin’s strategic partnerships and acquisitions will play a crucial role in driving India’s transition to a sustainable and clean transportation future.