Development Finance Corp. (DFC) is providing $5m in debt financing to Revfin Services. With this investment, Revfin Services aims to take the lead in India's EV financing industry by offering financing options for 2-wheelers in last-mile deliveries, mid-mile cargo 4-wheelers, and ride-share taxis. Furthermore, Revfin has already invested in over 21,800 EV 3-Wheelers and aims to reach $2m by 2028.
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