Revfin Services News Today

Finayo: In his new role, Kant will be responsible for steering the company towards an exceptional growth trajectory by creating a top-notch strategy that focuses on managing the platform’s entire portfolio effectively, the company said.

The country has a vision of expanding the share of electric vehicle sales to 30% in private cars, 70% in commercial vehicles, 40% in buses, and 80% in two-wheelers and three-wheelers by 2030

Bringing you the latest news briefs on fundraising activities in the Asia Pacific.

Electric vehicles (EVs) are empowering women in Tier 2 markets by providing them with self-employment opportunities. Data shows that 25% of women in these markets have embraced EVs as a means to earn a livelihood. EVs offer an affordable and eco-friendly mode of transportation, allowing women to enter sectors such as last-mile delivery and local commuting. This shift not only creates economic opportunities but also challenges gender stereotypes.

For a segment that thrives on promise more than performance, the countrys start-up ecosystem is refusing to get carried away by the funding this calendar year. This has created the highest level of uninvested venture capital in seven years as investors wait for corrections in the working and - more importantly - valuation of start-ups while looking for cockroaches instead of unicorns. Investors are now keen to invest in companies that have good top and bottom lines.

Get latest articles and stories on Latest News at LatestLY. Electric vehicles (EV) financing digital platform RevFin Services is targeting to finance 20 lakh vehicles in the next five years, with an aim to grow three to four times every year, according to its CEO & Founder Sameer Aggarwal. Latest News | RevFin Targets Financing 20 Lakh Electric Vehicles in Next 5 Years.

Budget 2023: Presenting the Union Budget 2023, Finance Minister announced that the subsidy on Electric Vehicle batteries will be extended for 1 year, hence making EVs cheaper.

Since Oct 2022, it has approved three new projects worth $110m in total investment.