Revfin Expands EV Fleet with Acquisition of 15,000 Vehicles on SUN Mobility’s Platform

Revfin, a leading EV financing company, has announced the acquisition of 15,000 vehicles operating on the SUN Mobility platform. This acquisition, valued at ₹100 crore, marks a strategic step in Revfin’s mission to boost EV adoption and transform fleet operations across the country.

The announcement was made jointly by Sameer Aggarwal, Founder & CEO of Revfin, and Anant Badjatya, CEO of SUN Mobility, highlighting the collaborative efforts between the two companies to drive India’s transition to electric mobility.

A Major Step Towards EV Expansion

This acquisition will significantly enhance Revfin’s operational footprint in India, particularly within the fleet sector. By integrating SUN Mobility’s vehicle portfolio, Revfin aims to strengthen its presence in the EV fleet market, with a sharp focus on last-mile mobility and two-wheeler EVs. The addition of these vehicles to its portfolio will help the company double its two-wheeler fleet, further establishing its market leadership.

Driving Growth in the EV Sector

Revfin is already a key player in the Indian EV market, partnering with major fleet operators like Shadowfax, Log9, Evera, and Shoffr. The company has financed 65,000 vehicles in the past six months, amounting to a total loan value of ₹900 crore. With this latest acquisition, Revfin aims to continue its rapid growth trajectory, focusing on making EVs more accessible to a wider audience.

A Shared Vision for Sustainable Mobility

This acquisition is not only a significant milestone for Revfin but also underscores the shared vision of both companies in promoting sustainable mobility in India. SUN Mobility, a leader in battery-swapping solutions and innovative energy systems, plays a key role in enabling efficient and eco-friendly EV operations.

The Road Ahead

With this strategic acquisition, Revfin is well-positioned to expand its presence in the fast-growing Indian EV market. As the demand for electric mobility continues to rise, partnerships like the one between Revfin and SUN Mobility will play a crucial role in supporting India’s shift towards a more sustainable and eco-friendly transportation system.

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