Revfin and Bajaj Auto partner to boost high-speed e-3W adoption

Revfin, a digital lending platform focused on sustainable mobility, and Bajaj Auto, a manufacturer of three-wheelers have announced a partnership to advance the adoption of high-speed electric three-wheelers (L5).

Leveraging Revfin’s psychometric assessments, financial expertise, and market insights alongside Bajaj Auto’s market presence and product range, the partnership aims to expand e3W offerings, particularly in Tier 2 and Tier 3 cities, and support infrastructure development, including charging networks.

Sharing his views on the association, Sameer Aggarwal, CEO of Revfin, said, “We are happy to partner with Bajaj Auto, a foremost leader in India’s three-wheeler market, to accelerate the adoption of sustainable mobility solutions across the country. By combining our shared commitment to electric vehicles and financial inclusion, we are poised to establish a formidable ecosystem that encourages both consumers and fleet operators to embrace eco-friendly three-wheeler options.”

Samardeep Subandh, President of Bajaj Auto said, “This strategic tie-up with Revfin marks a crucial stride in Bajaj Auto’s mission to accelerate the nationwide shift towards electric mobility in India. By integrating our renowned product quality and technological expertise with Revfin’s innovative financial solutions, we anticipate penetrating untapped markets and enabling a broader spectrum of individuals and fleet operators to embrace sustainable transportation options. This collaboration is geared towards enhancing accessibility and appeal of our eco-friendly three-wheeler offerings to a diverse customer base, driving adoption, and contributing to a cleaner, greener future for first and last mile mobility.”

The collaboration between Revfin and Bajaj Auto includes developing a charging network to support electric vehicle adoption. The partnership aims to raise awareness and increase the uptake of electric three-wheelers (e3Ws), which offer reduced emissions and lower operating costs. Revfin will provide financing solutions for e3Ws, targeting small entrepreneurs, fleet operators, and individual customers to facilitate adoption and promote financial inclusion.

Also read: Revfin secures USD 14M in Series B funding