EVI Technologies, RevFin tie up for EV financing and swappable battery solutions

The initiative will majorly cover Delhi-NCR, UP, Chhattisgarh and Haryana.
By : PTI
| Updated on: 27 Jul 2020, 02:52 PM
An electric charging plug sits connected to an electric car. (File photo used for representational purpose only) (Bloomberg)
An electric charging plug sits connected to an electric car. (File photo used for representational purpose only) (Bloomberg)
An electric charging plug sits connected to an electric car. (File photo used for representational purpose only) (Bloomberg)
An electric charging plug sits connected to an electric car. (File photo used for representational purpose only)

Electric vehicle charging infrastructure firm EVI Technologies on Monday said it has partnered with digital lending startup RevFin and electric three-wheeler makers Saarthi and Mayuri, to provide funding for EVs and swappable battery solutions.

Under the partnership, RevFin will finance e-rickshaw and e-two wheelers along with swappable battery solutions provided by EVI Technologies. The initiative will majorly cover Delhi-NCR, UP, Chhattisgarh, Haryana, the company said in a statement.

Similar Cars

Find More Cars
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs**Ex-showroom price
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
 
₹12 - 15 Lakhs* *Expected Price
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99 - 16.85 Lakhs**Ex-showroom price
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs**Ex-showroom price
Mg Zs Ev (HT Auto photo)
Mg Zs Ev
Electric | Automatic
₹21 - 24.68 Lakhs**Ex-showroom price
Mg Zs Ev 2022 (HT Auto photo)
Mg Zs Ev 2022
Electric | Automatic
₹21.99 - 25.88 Lakhs**Ex-showroom price

EVI's battery swapping solution and 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, it added.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

(Also read: EESL, HPCL to develop EV public charging infrastructure)

EVI Technologies(EVIT) Founder and CEO Rupesh Kumar said the partnership 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," Kumar added.

RevFin Founder & CEO Sameer Aggarwal said EVs have emerged as the preferred option for last mile connectivity and hyper local delivery in tier 2 and 3 towns.

(Also read: Tata AutoComp partners US firm to set up EV charging points in India)

"We expect the 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," Aggarwal added.

First Published Date: 27 Jul 2020, 02:52 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city