Revfin targets Rs 5,000 Cr in disbursements by 2027
The digital lending platform is also aiming to grow 5X over the next two years as India’s EV financing landscape sees boost.
Digital lending platform Revfin on Thursday said it is targeting Rs 5,000 crore in disbursements by 2027 as it gears up to grow 5X over the next two years.
The announcement comes amidst a boom in the EV financing segment as the vehicle category sees rising commercial use cases.
Revfin also sees cumulative disbursements to cross the Rs 2000 crore mark in 2026 as it looks to cash in on the growing L5 vehicle segment.
“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 hyper-growth over the next two years,” said Sameer Aggarwal, Founder and CEO of Revfin.
The company also announced key appointments within the organisation. The company appointed Abhinandan Narayan as its Chief Business Officer, New Business, Monish Vohra as its Chief Operating Officer- Operations and Collections, and Anirudh Gupta as Chief Finance and Strategy Officer.
Revfin is also preparing to finance 35,000 EVs in FY2026. Currently, the firm has financed over 85,000 EVs across 25 states.
In FY25, the company also grew its L5 vehicle loan book by 1,700%, helped by major partnerships with Bajaj Auto and expanded partnerships with Delhivery, Rapido, Shadowfax, and Tata Motors, among others.
The company’s focus on expanding its L5 EV portfolio is a strategic shift towards heavier vehicles that look to directly replace internal combustion engine (ICE) vehicles.
“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,” Aggarwal added.
(Disclaimer: The story was updated to reflect updated figures from the company’s side.)
Edited by Jyoti Narayan