New Delhi: Delhi-based digital lending firm Revfin has collaborated with Solar Mobility, a battery swapping resolution offering firm, to deploy 1,00,000 autos on pan India foundation. Revfin will finance the electrical autos whereas the latter will present batteries for the autos below a BaaS (Battery-as-a-Service) Mannequin.
“This strategic partnership is for twenty-four months, the place the estimated capital involvement is INR 1,200-1,500 crore. The deployment of autos goes to be in 2Ws for fleet enterprise and 3Ws for cargo and passenger automobile segments,” Rajat Malhan, Senior VP Solar Mobility, informed ETAuto. He additional elaborated that the main focus of this partnership can be on 2W deployment for enhancing final mile mobility, and following that can be on 3Ws.
The disbursement of autos on a pan India foundation can be centered extra on metropolitan cities like Pune, Bengaluru, Mumbai, Hyderabad, and NCR.
“We’ve got already began deploying autos below our partnership in Bengaluru and now plan to develop to Delhi and Pune,” Sameer Aggarwal, CEO and founder at Revfin mentioned. He additional talked about how this partnership will scale up Revfin’s presence within the last-mile supply area, mapping to the longer term plans of growth the corporate carries out.
Revfin’s AI-powered instruments will even assist assess a buyer’s skill and intention to repay by way of knowledge which is collected via clients’ on-line presence, psychometric exams, and gamification. Revfin’s financing would provide benefits for customers of SUN Mobility’s battery swapping expertise.
These autos are 40% inexpensive than ICE autos, making this essentially the most inexpensive choice obtainable out there at present, which is able to make it simpler and extra economical for the shopper to purchase a business automobile, Malhan mentioned.
Revfin and Solar Mobility have an present collaboration for deploying 1,000 autos which was signed in January, 2024. Revfin plans to discover partnerships for scaling up throughout mild business autos, two wheelers, and in addition goals to enter the passenger automobile phase within the coming yr. Sameer added that at current the corporate has partnered with 15-20 fleet operators however within the coming yr it goals to develop to 80-100 fleet operators.
.){kind=link}