Revfin, India’s premier digital lending platform dedicated to revolutionizing sustainable mobility and fostering financial inclusion, successfully completed its Series B funding round, and raised $14 million (115 crore). The Asian Development Bank, Companion Capital Limited, and current investors Green Frontiers Capital and LC Nueva joined Omidyar Network in leading the round with a $5 million investment. Revfin’s total capital raised through debt and equity now stands at 625 Crore. Revfin received funding from notable angel investors like Dhiiraj Jain (Redcliffe Labs), Anuraag Jaipuria, Ruchi Rans Jaipuria, Rishi Kajaria, Let’s Venture Angel Fund, Harash Jain, and others.
Revfin has made two sizable investments in the past 12 months, the most recent being this financial infusion. By providing financing for electric two-wheelers (e2Ws), electric three-wheelers (e3Ws), and all other forms of electric vehicles, the funds will be crucial in furthering Revfin’s unwavering commitment to strengthen the electric vehicle (EV) ecosystem. Furthermore, the financing will sustain other elements of the electric vehicle ecosystem, such as batteries and charging stations.
Sameer Aggarwal, Founder and CEO, stated, “I am delighted to announce that, with the backing of Omidyar Network and our esteemed investors, we have successfully raised $14 million. This funding will empower us to further enhance the EV ecosystem and contribute to the growth of all types of electric vehicles in India. Our unwavering commitment to revolutionize digital lending remains strong, and we look forward to the opportunities ahead.”
Also Read | Government policies driving growth of EV in India: Sameer Aggarwal, Founder & CEO, Revfin
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