Credifin Limited has unveiled its latest initiative to power India’s green mobility revolution. On May 12, 2025, the company announced the launch of its new EV StartUp Loans product, aimed at fostering entrepreneurship and accelerating the growth of electric vehicle (EV) businesses nationwide. Credifin is leveraging its robust presence-spanning over 200 locations across 13 states-to reach aspiring entrepreneurs and support the establishment of 1,000 new EV businesses over the next two to three years.
The EV StartUp Loans are designed to provide financial assistance of up to ₹50 lakh to individuals and companies interested in launching EV dealerships or related ventures. This loan amount can be increased on a case-by-case basis, reflecting Credifin’s commitment to tailoring support for ambitious business plans. The initiative is not limited to funding alone; Credifin’s comprehensive approach includes facilitating tie-ups with more than 100 original equipment manufacturers (OEMs) in the e-rickshaw, L5, and EV two-wheeler segments. This support ensures that entrepreneurs have access to reputable manufacturers, enabling them to set up new dealerships efficiently and at no additional cost.
In addition to the primary business loan, Credifin will extend trade advances to help dealerships acquire inventory. The company also offers financing solutions for end customers, making it easier for dealerships to drive sales and expand their market reach. Credifin’s integrated ecosystem provides end-to-end solutions, from business setup and dealership establishment to generating business leads, building partnerships, and navigating regulatory processes such as vehicle registration with local authorities. By generating its leads, Credifin empowers dealerships to benefit from the company’s marketing and network strength, enabling them to boost vehicle sales beyond their efforts.
“We at Credifin are committed to Building Bharat, and what better way to do this than to make sure that our entrepreneurs have an enabling environment. Our EV StartUp Loan is a product that makes sure that setting up a business is made as easy as possible and that we are with them all through, ensuring that they not just survive but thrive. We have today, one of the biggest EV networks, and we believe that the time is ripe to use this network to help individuals realize their dreams of building successful businesses sustainably”, says Shalya Gupta, CEO, Credifin Limited.
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