Revfin, a leading electric vehicle (EV) financing company in India, has taken a significant leap in its sustainable mobility strategy by acquiring a portfolio of over 15,000 vehicles valued at ₹100 Crore, which are operating on the SUN Mobility platform. This move underscores Revfin’s commitment to accelerating electric vehicle adoption and transforming fleet operations across the country.
The acquisition, announced jointly by Mr. Sameer Aggarwal, Founder & CEO of Revfin, and Anant Badjatya, CEO of SUN Mobility, highlights the collaborative efforts between the two companies to advance electric mobility in India. The integration of this substantial fleet is expected to enhance Revfin’s operational footprint and market influence.
The takeover is a strategic maneuver to expand Revfin’s mobility business vertical, focusing on increasing EV adoption among fleet operators. Revfin, which has already partnered with notable fleet operators such as Shadowfax, Log9, Evera, and Shoffr, plans to further strengthen its presence in the Indian market. The company has financed 65,000 vehicles in the past six months, amounting to a total loan value of ₹900 Crore.
Sameer Aggarwal commented, “This acquisition represents a pivotal step in fortifying our presence in the EV fleet sector. The SUN Mobility portfolio aligns with Revfin’s strategy to double our two-wheeler fleet and significantly enhance our last-mile mobility services. This move reinforces our market dominance, and we are excited to extend our operational reach and promote the rapid adoption of sustainable mobility solutions in India.”
Anant Badjatya added, “SUN Mobility is dedicated to advancing sustainable mobility through innovative energy solutions. Our partnership with Revfin embodies a mutual vision to accelerate the transition to electric vehicles in India. We are confident that integrating our portfolio with Revfin’s financing capabilities will drive significant growth in EV adoption across the country.”
