EV financing startup Revfin bags $5 Mn debt funding from DFC


Content Team
Image Credit: economic times

Electric vehicle (EV) financing startup Revfin on Friday said it has bagged a debt funding of $5 Mn from the US International Development Finance Corporation (DFC). In a statement, the startup said it will use the fresh funds to strengthen its presence in the country and introduce new products by diversifying into two-wheelers for last-mile deliveries, four-wheelers for mid-mile cargo delivery, and ride-share taxis.