Revfin Secures $14 Million In Series B Funding, Led By Omidyar Network
Revfin revealed the conclusion of its Series B funding round, securing $14 million (115 crores). Omidyar Network spearheaded the round with a $5 million investment, joined by the Asian Development Bank, Companion Capital and existing investors Green Frontiers Capital and LC Nueva. This funding brings Revfin's total capital raised through debt and equity to 625 crore. Noteworthy angel investors such as Dhiiraj Jain (Redcliffe Labs), Anuraag Jaipuria, Ruchi Rans Jaipuria, Rishi Kajaria, Let’s Venture Angel Fund, Harash Jain supported Revfin in this journey.
Revfin's second major investment in the last 12 months is this recent capital infusion. The funds will play a pivotal role in advancing Revfin's steadfast commitment to fortify the electric vehicle (EV) ecosystem, providing financing for electric two-wheelers (e2Ws), electric 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.
"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 enhance the EV ecosystem further 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.” stated Sameer Aggarwal, founder and CEO of Revfin.
