RevFin Services looks to raise around $40 mn via securities this fiscal
Start-up electric vehicles-focussed financing firm RevFin Services Pvt Ltd plans to raise around USD 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 of 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.
