EVI Technologies Partners With RevFin To Finance EV With Swappable Batteries

EVI Technologies (EVIT), Electric Vehicle charging infrastructure company, has announced its partnership with digital lending start-up, RevFin alongside leading Electric three-wheeler manufacturing companies, Saarthi and Mayuri, to provide one-stop solutions to users, in terms of funding, the Lithium Based electric vehicle and swappable batteries. As part of the tie-up, RevFin will finance E-Rickshaw and E-Two wheelers along with swappable battery solutions provided by EVI Technologies. The initiative will majorly cover states like Delhi-NCR, UP, Chhattisgarh, Haryana.

With an aim to provide easy, cost-effective, and eco-friendly last-mile transportation services, this union will lead the way in achieving the goal to make India an EV nation hub in the foreseeable future. EVI’s battery swapping solution and the only digital lending start-up in the country to provide finance in the EV sector, Revfin’s easy low-cost finance will create a sustainable mobility ecosystem making clean energy affordable to all without the worry of energy infrastructure, especially in Tier 2 and 3 cities, the company said.

The pandemic has caused a dynamic change in the working of every sector across industries, with terms like automation and similar technologies coming into play. The Government of India launched the AtmaNirbhar campaign- a pitch to make India self-reliant, has also forced companies to rethink their operating system. For the success of the campaign, it is important to focus on sustainable technology and clean energy, the adoption of EV and making India an EV nation plays an important role. This collaboration is a step in the right direction towards making this possible, it added.

Speaking on this partnership, Rupesh Kumar, Founder and CEO of EVI Technologies said, “We are excited to tie-up with RevFin along with Saarthi and Mayuri, as it will provide an easy solution to all challenges faced by EV drivers and the EV sector as a whole. Together, we hope to have over 10,000 Electric Vehicles with swappable battery options on the road by the end of this fiscal year.”

“We believe in providing path-breaking solutions to our customers. Currently, a lot of people have been left out simply because of less charging infrastructure or lack of finance for Electric vehicles, but to ensure customer convenience, we are providing solutions under one roof where EV owners have easy access to gain finance, buy, swap their batteries and get fully charged batteries quickly,” he added.

Sameer Aggarwal, Founder & CEO, RevFin said, “Electric vehicles have emerged as the preferred option for last mile connectivity and hyper local delivery in Tier 2 and 3 towns. We expect EV sector to become one of the largest industries in India within the next five years. EVI Technologies is helping bring infrastructure and other arrangements to this segment, which will help in building up the scale. We are very excited to work with the team at EVI Technologies in building the future of mobility. We are also very happy that popular brands like Saarthi and Mayuri will be participating in this endeavour.”