Revfin, a digital lender in India’s sustainable mobility space, has unveiled plans to disburse ₹750 crore in electric vehicle (EV) loans in FY26, marking a five-fold growth over the last two years. As part of this expansion strategy, the company has strengthened its leadership team with the appointment of three senior executives.
The fintech firm, which has already financed over 85,000 EVs across 25 states, aims to deepen its reach into the L5 vehicle category—seen as a critical segment in replacing internal combustion engine (ICE) vehicles for intracity transport. The company has also crossed ₹2,000 crore in cumulative disbursements since inception.
Leadership restructuring
To drive this next phase of growth, Revfin has appointed Abhinandan Narayan as chief business officer, new business; Monish Vohra as chief operating officer – operations & collections; and Anirudh Gupta as chief finance & strategy officer. Narayan joins from Prepladder at Unacademy, while Vohra was previously with SBI Cards, and Gupta with Grant Thornton Bharat.
These appointments are aligned with Revfin’s newly articulated “People-Process-Profitability” agenda, which is central to its growth plan for FY2026, the company said in a media release.
Commenting on the changes, Sameer Aggarwal, founder and CEO of Revfin, said. “The last financial year was a volatile one for the EV industry, but the excitement and energy within the sector remain undiminished. At Revfin, we are deeply convinced that intracity and small commercial vehicles must—and will—transition 100% to electric within the next three years. The opportunity is here and now. It’s time to set bold targets and pursue hypergrowth over the next two years.”
“At this critical juncture, the right leadership becomes essential to realising our ambitions. With the strong momentum we’ve already built, we’re confident the journey ahead will be even more rewarding. We’ve entered 2025 with a sharp focus on what truly matters: People, Processes, and Profitability. These latest leadership hires are a natural extension of that focus and our commitment to scale with purpose.”
Strengthening presence in L5 EV category
Revfin’s strategic focus on the L5 category—a segment that includes electric three-wheelers capable of replacing ICE counterparts—is expected to be pivotal. In FY2025 alone, the company grew its loan book for L5 vehicles by 1,700%, aided by a significant tie-up with Bajaj Auto.
Additional partnerships with logistics and mobility firms such as Delhivery, Rapido, Shadowfax, IndoFast and Tata Motors further reinforced its presence in the mid- and last-mile delivery segments.
The company plans to finance 24,000 EVs in FY26 and expand its network, which already covers more than 1,000 towns, with 75 per cent of its borrowers coming from marginalised communities. To date, Revfin-supported drivers have travelled over 1.6 billion electric kilometres and earned more than $400 million in cumulative income.
