EV-focused financing firm RevFin looks to raise around $40 million via securities this fiscal

Start-up electric vehicles-focused financing firm RevFin Services plans to raise around $40 million (about Rs 290 crore) through debt and equity by the end of this fiscal to accelerate its lending, according to a top company official. The financial technology platform with its own NBFC, which focuses on loans for electric small commercial vehicles, has set a target o. financing 3 lakh vehicles in the next three years.

“We’ve set ourselves a target of financing 3,00,000 vehicles in the next three years. That’s roughly around Rs 3,000 crore of lending in the next three years, starting with about Rs 200 crore in this year and and the rest coming over the next two years,” Revfin Services Pvt Ltd Founder and CEO Sameer Aggarwal told PTI.