EV-focused lending startup RevFin bags INR 100 Cr in debt for business expansion
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Electric vehicle-focused fintech lending startup RevFin has raised INR 100 Cr in a debt financing round led by Northern Arc, LiquiLoans, UK Charity Shell Foundation, and other investors. With this capital infusion, RevFin will expand the e-rickshaw financing businesses in new states such as Assam, MP, Rajasthan, and Punjab. Further, it aims to increase its existing 20% market share in UP, Bihar, Uttarakhand and Jharkhand.