EV financing platform Revfin Services raises $5 million

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VIVO v29 lite Specification: Amazing Detailed Review

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VIVO v29 lite Specification: Amazing Detailed Review

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EV financing platform Revfin Services raises $5 million

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Revfin Services, an electric vehicle (EV) financing platform, has raised $5 million (around ₹38 crore) in a seed round of funding led by Blume Ventures.

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The round also saw participation from angel investors such as CRED founder Kunal Shah, Lenskart co-founder Peyush Bansal, and Firstcry founder Supam Maheshwari.

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Revfin was founded in 2021 by former Paytm executives Pradeep Dadha and Vinay Singh.

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The company provides financing solutions to EV buyers through a network of banks and non-banking financial companies (NBFCs).

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Revfin claims to have disbursed loans worth ₹10 crore to over 100 EV buyers since its launch.

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The company plans to use the fresh funds to expand its team, develop new products, and enter new markets.

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The EV market in India is expected to grow at a CAGR of 30% over the next five years.

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The EV market in India is expected to grow at a CAGR of 30% over the next five years.

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This round of funding is a validation of the growing demand for EV financing solutions in India.

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Revfin is well-positioned to capitalize on this growth and become a leading player in the EV financing space.

VIVO v29 lite Specification: Amazing Detailed Review

VIVO v29 lite Specification: Amazing Detailed Review

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