Revfin, a leading digital lending platform focussing on sustainable mobility has concluded its Series B funding round, securing $14 million (Rs 115 crore).
The round was led by Omidyar Network with a $5 million (Rs 42 crore) investment, joined by the Asian Development Bank, Companion Capital, and existing investors Green Frontiers Capital and LC Nueva.
With this funding Revfin’s total capital raised through debt and equity comes to Rs 625 crore. Other angel investors such as Dhiiraj Jain (Redcliffe Labs), Anuraag Jaipuria, Ruchi Rans Jaipuria, Rishi Kajaria, Let’s Venture Angel Fund, Harash Jain, and others have supported Revfin in this journey.
The Series B funding will help Revfin accelerate its focus on the electric vehicle ecosystem, providing financing for electric two-, three-wheelers (e3Ws), and all other types of electric vehicles. Additionally, the funding will support various components of the EV ecosystem, including charging stations and batteries.
Sameer Aggarwal, Founder and CEO, Revfin stated, “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 revolutionise digital lending remains strong, and we look forward to the opportunities ahead.”
