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

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.

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)

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.

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.

Also check these Vehicles

Find more Cars
Tata Sierra Ev (HT Auto photo)
UPCOMING
₹25 - 30 Lakhs* *Expected Price
View Details
Mg 4 Ev (HT Auto photo)
UPCOMING
₹30 - 32 Lakhs* *Expected Price
View Details
Maruti Suzuki Wagon R Ev (HT Auto photo)
UPCOMING
₹10 - 14 Lakhs* *Expected Price
View Details
Tata Punch Ev (HT Auto photo)
UPCOMING
₹12 - 14 Lakhs* *Expected Price
View Details
Mg Comet Ev (HT Auto photo)
₹7.98 - 9.98 Lakhs***Ex-showroom price
Add to compare
Check latest offers
Tata Tiago Ev (HT Auto photo)
₹8.49 - 11.79 Lakhs***Ex-showroom price
Add to compare
Check latest offers

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, 14:52 PM IST
Recommended for you
View all
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
55% OFF
SOFTSPUN Microfiber Cloth - 4 pcs - 40x40 cms - 340 GSM Grey- Thick Lint & Streak-Free Multipurpose Cloths - Automotive Microfibre Towels for Car Bike Cleaning Polishing Washing & Detailing…
Rs. 269 Rs. 604
19% OFF
Involve Your Senses One Musk Organic Car Perfume, Involve Your Senses Strong Fiber Air Freshener to Freshen'up Your Car - IONE01-40 g,Car Accessories interior car perfumes and fresheners
Rs. 324 Rs. 399
73% OFF
pTron Bullet Pro 36W PD Quick Charger, 3 Port Fast Car Charger Adapter - Compatible with All Smartphones & Tablets (Black)
Rs. 349 Rs. 1,299
14% OFF
Jopasu Car Duster
Rs. 749 Rs. 869

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