{"id":583662,"date":"2023-06-12T09:57:16","date_gmt":"2023-06-12T04:27:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=583662"},"modified":"2023-06-12T10:25:24","modified_gmt":"2023-06-12T04:55:24","slug":"ev-financing-platform-revfin-raises-5-million-in-investment-from-dfc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ev-financing-platform-revfin-raises-5-million-in-investment-from-dfc\/","title":{"rendered":"EV financing platform Revfin raises $5 million in investment from DFC"},"content":{"rendered":"<p>Digital consumer lending platform Revfin raised $5 million from the US International Development Finance Corporation (DFC), the company said in a statement. <\/p>\n<p>The firm, a player in the Indian electric vehicle (EV) financing space, intends to introduce new products by diversifying into two-wheelers for last-mile deliveries, four-wheelers for mid-mile cargo delivery, and ride-share taxis with the fresh funding. <\/p>\n<p>The Delhi-based company aims to finance 2 million electric vehicles in the next five years. \u201cThe growth of the industry is restricted due to the limited financing options. Having a forward-looking institution like DFC investing in Revfin will help scale EV adoption and increase financial inclusion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital consumer lending platform Revfin raised $5 million from the US International Development Finance Corporation (DFC), the company said in a statement. The firm, a player in the Indian electric vehicle (EV) financing space, intends to introduce new products by diversifying into two-wheelers for last-mile deliveries, four-wheelers for mid-mile cargo delivery, and ride-share taxis with the fresh funding. The Delhi-based company aims to finance 2 million electric vehicles in the next five years. \u201cThe growth of the industry is restricted due to the limited financing options. Having a forward-looking institution like DFC investing in Revfin will help scale EV adoption [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-583662","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=583662"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583662\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=583662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=583662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=583662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}