#Revfin

[urami]

Have a good weekend & happy Halloween everyone!

[revfin]

Interview with Sameer Aggarwal, Founder & CEO, RevFin

RevFin, a fintech company, offers loans to electric vehicle (EV) operators, as also to people who want to move houses or renovate these, for celebrations such as wedding and vacations, and for emergency purposes. It has created a gamification platform where those who take loans can earn points through referrals and timely repayments. Its products include RevLoan (revolving credit limit), Rev-a-Thon (reward scheme for repaying on time) and Rev-a-Mate (referrals). In an interaction with FE’s Vikram Chaudhary, the founder & CEO of RevFin, Sameer Aggarwal, says that EV operators are most in need of loans right now. Excerpts:

Do you cater only to the digital literate population?

Those who use a smartphone and apply for loans via the smartphone on the app are our major customers.

Do you have your own non-banking finance company (NBFC)?

There is this NBFC called the Aristo Securities that was set up in 1994 and became an NBFC in 2000; we acquired it in 2018. Source Link

[greenfrontiercapital]

The Future of Climate Tech Investment: Green Frontier Capital’s Leadership in the Climate VC Fund

Sustainability is increasingly shaping the financial sector. The State of Climate Tech Report 2023 by PwC highlights that climate tech's share of private market equity and grant investment surged to 11.4% in Q3 2023, continuing a decade-long upward trend. The global sustainable finance market is projected to grow from USD 3.6 trillion in 2021 to USD 23 trillion by 2031, underscoring the immense potential in climate tech investment.

The Rise of Climate Tech Investments

The rapid rise in climate tech investment is particularly evident in the electric mobility sector. With transportation accounting for 16.2% of global emissions, transforming this sector is crucial in the fight against climate change. The global EV market, valued at USD 384.65 billion in 2022, is expected to reach USD 1,579.10 billion by 2030. As the market expands, Green Frontier Capital is strategically positioned to harness these emerging green investment opportunities.

Climate Tech Investment in the EV Sector

The electric vehicle (EV) industry is experiencing remarkable growth, driven by regulatory support, technological advancements, and shifting consumer preferences. With ambitious targets set for EV adoption across various vehicle categories, the industry is on track for significant expansion. Green Frontier Capital recognizes the investment potential this growth presents and is actively involved in the sector.

Key Investment Opportunities in the EV Market

Electric Vehicle Manufacturers: The increasing demand for clean transportation is leading to the expansion of EV portfolios by both established companies and new entrants. Green Frontier Capital has invested in Euler Motors, a commercial EV OEM with a growing fleet of three-wheelers, and EMotorad, a manufacturer of electric cycles.

Ride-Hailing Services: Electrifying fleets offers substantial environmental benefits. Green Frontier Capital has invested in BluSmart, a leading zero-emission ride-hailing service that recently expanded its EV fleet.

Battery Services: The success of EV adoption depends on advanced battery technologies and services. Green Frontier Capital has invested in Battery Smart, a leading battery-swapping network, and ElectricPe, a top EV charging platform.

EV Financing: To make EVs more accessible, Green Frontier Capital supports Revfin, a company providing financing options, particularly for individuals from low-income backgrounds, aligning financial returns with social impact.

Addressing Challenges in Climate Tech Investment

While the EV market holds significant potential, it also presents challenges such as high capital costs, land acquisition issues, and evolving regulatory landscapes. Green Frontier Capital conducts rigorous due diligence to identify companies capable of navigating these challenges and securing long-term growth.

Climate Tech Investments: Combining Profit with Purpose

Investing in the EV industry not only offers substantial financial returns but also contributes to environmental and social impact. By reducing greenhouse gas emissions and combating air pollution, climate VC fund like Green Frontier Capital are helping to build a future where economic growth and environmental sustainability go hand in hand.

[racheltaylor1804]

Sameer Aggarwal RevFin Pumps Up EV Demand

Almost 2 million electric vehicles (EVs) are currently on Indian roads, and according to Sameer Aggarwal founder and CEO of RevFin, this figure is 2 million rather than 10 million due primarily to the lack of financing. He contrasted it to the private automobile market of 40 to 50 years ago, when one had to put up money in order to own a car.

Sameer Aggarwal RevFin, in 2018, a platform for consumer lending that makes it possible to finance loans for electric three-wheelers in Tier 3 and Tier 4 cities. The business partners with Manufacturers to directly gain these clients, cutting costs. The majority of RevFin's operations are located outside of the typical hotspots like Maharashtra and Karnataka, in the states of West Bengal, Haryana, Bihar, Punjab, Uttar Pradesh, and Rajasthan

[emilysmith654]

Sameer Aggarwal Revfin

An innovative digital lending platform called Revfin has started its extensive #RevfinBharatYatra campaign to spread awareness of electric vehicles (EVs) and environmental sustainability throughout the nation. Sameer Aggarwal Revfin founder has ensured the market dominance as part of the effort and establishes the same position in additional domains. They are developing a platform to support cars that run on clean fuel. This demonstrates the company's philosophy regarding the promotion of future environmentally friendly vehicles. By October 2022, automobiles financed by Revfin had reportedly travelled 22,21,23,010 km (miles) with 0% emissions. Currently, they are continuously developing AI-based technology to make sure that technology use results in the production of less CO2

[onlineandyou]

Top 5 recently launched High-Speed Electric 2-Wheelers

Transportation is a basic requirement of modern life, yet the traditional internal combustion engine (ICE) is fast becoming obsolete. Gasoline or diesel vehicles are highly polluting and are rapidly being replaced by fully electric vehicles. Electric Vehicles (EV) are more efficient, and this, combined with the cost of electricity, makes charging an electric vehicle cheaper than filling up on gas or diesel for your travel needs. The use of renewable energy sources can make the use of electric vehicles more environmentally friendly. Electric Vehicles have lower maintenance requirements than conventional ICE vehicles. Governments and industry players are making efforts to improve public charging infrastructure, involving private and public agencies (BEE, EESL, PGCIL, NTPC, etc.). Many private enterprises are also installing EV charging stations to develop a viable charging network and gain consumer confidence. Indian Government's policy initiatives has accelerated the adoption of e-mobility – Hon'ble Road Transport and Highways Minister, Shri Nitin Gadkari outlined recently - 5,44,643 are electric two-wheelers while 54,252 electric four-wheelers. Attractive economics and push by government has already increased the demand for EVs substantially, and the industry is set to grow to USD 150 billion by 2030, according to estimates by RevFin Services – financial technology (FinTech) digital lending platform focused at increasing EVs' adoption for under-banked & underserved. In the backdrop of the growing adoption of EVs, there is an increase traction in launches by brands; here we look at a few: Simple One: Simple is India's first affordable premium electric vehicle from Bangalore. They recently launched an electric scooter called "ONE". It has a range of 236 km on a single charge and accelerates from 0 to 40 km/h in just 2.77 seconds. The Simple Energy 'One' scooter has a practical range of about 190 km. The Simple Energy One scooter has a real-world range of around 190 kms. While the country is taking small steps towards electric mobility, Simple Energy also aims to contribute to this revolution. As they embark on this journey with the common goal of reducing our carbon footprint, Simple Energy aim to partner with like-minded people like us who can drive the electric revolution faster. Although the scooter has its own limitations and drawbacks in terms of product quality, it is today, nonetheless, the fastest and highest range of electric two-wheelers in India. Oben Rorr: Oben is a passion driven company, focusing on building something which is consumer centric. They claim a range of 200km on its first electric vehicle, a motorcycle called 'Rorr'. The Oben Rorr is equipped with a massive 4.4 kWh non-removable battery and has three driving modes: Eco, City and Havoc. The electric bike has a top speed of 70km ph. It has a neo-classical design with a round LED headlamp, an integrated LED DRL ring and a sturdy cover on top of the battery. What makes Rorr different is its performance, design and range. The Oben logo is modeled after Eagle wing, which signifies leadership. The manufacturing facility is located in Bangalore, with the annual capacity of 3 Lakh vehicles. HOP OXO: A team of passionate engineers, designers and marketers working towards a common goal of providing sustainable products and technologies in the everyday lives of ordinary people. HOP is building a next-generation New Energy Mobility ecosystem that will facilitate the transition to electric vehicles. HOP OXO with youthful and funky styling has streamlined bulb-type headlights, a curved integrated seat, and a slightly sharp body. OXO's feature list includes LCD, regenerative braking, reverse assist, kickstand sensor, smartphone connectivity, anti-theft alarm, USB charging, Bluetooth and more. It also has a 3.75kWh lithium-ion battery pack combined with a 3kW motor. Also, three driving modes: Eco, Power and Sport. HOP OXO has a range of 150 km in ECO mode, with a top speed limited to 90 km/h. The specified charging time for HOP OXO is 5 hours. The company is developing a second generation intelligent battery and exchange station. Ola S1 Pro: Ola claims to manufacture more than just electric vehicles. They are envisioning a change in mindset. It is the fundamental vision that feeds the Futurefactory. The Futurefactory is a symbol for people of a variety of experiences that gather to reach the impossible. Ola S1 Pro has a 3.97kWh battery and boasts an ARAI-certified autonomy of 181km. The electric scooter has it's four driving modes: Eco, Normal, Sport and Hyper. Ola states that the S1 Pro reaches a maximum speed of 116 km/h. In terms of functionality, you get a 7.0-inch touchscreen console with Bluetooth connectivity, browsing, music, cruise control, and more. As they rapidly expand to become world's largest all-women plant, they are also investing strategically in training and upgrading basic manufacturing expertise for more than 10,000 women. Together, they created the plan to bring about a revolution in the hearts of billions of people around the world. Ather 450X: Ather 450X has been one of the most capable electric scooters on the market for quite some time. But slowly and steadily competitors are catching up to the Bengaluru-based startup, and in terms of range numbers, many surpassed this second-generation 450X. In fact, one of the scooter's limits was the 85km "true range" figure. That was enough to get the job done, but not enough to completely defeat the range anxiety. For the 450X Gen 3, Ather offers a larger battery pack (2.9 kWh to 3.7 kWh), increasing the actual range from 85 km to 105 km. Ather 450X doesn't match the number of competitors, but it offers better customer service, build quality, and reliability than most of the competition. Read the full article

[reportwire]

RevFin to raise ₹250 crore to fund more EVs this year

RevFin to raise ₹250 crore to fund more EVs this year

Digital lending platform RevFin, a lender to people at the bottom of the pyramid said, it would raise ₹250 crore this year through debt and equity to finance electric vehicle (EVs) buyers in the three-wheeler and two-wheeler categories. The company, which is majorly into financing three-wheeler EVs is now planning to enter small four-wheeler EVs financing, with Tata Motors and Omega Seiki…

[inventivaindia]

Digital Lending Startup RevFin raises Seed Funding

Digital Lending Startup RevFin raises Seed Funding

  10 October 2018, India:

Digital lending platform RevFin has raised undisclosed amount of Seed Funding from a clutch of angel investors. Angel investors including Harash Jain (Chief Executive Officer, Litejoy International, and UK based businessperson), Anil K Goyal (Founder, Anil K Goyal, and Associates), Anil Lanba (Senior Technology Executive, EVP Pyramid Consulting) and Krishan B Singh…

[revfin]

The outlook of fintech in India for various business models in 2022

Every other business in India has grown to rely on FinTech to answer their financial needs promptly. The combination of security, speed, automation, and convenience is simply too good to ignore. In recent years, FinTech has attained unprecedented growth in India, ranked the third-largest globally, and valued at a whopping $31 billion. Given the aggressive reliance on technologies these days, the value of FinTech is sure to redefine several market benchmarks. 

Considering its prominence in the world and, more importantly, in India, here’s a glimpse of how extensively FinTech has evolved and how it continues to transform Indian businesses.

How has FinTech Evolved & Benefitted Indian Businesses?

Digital Innovation Ensures FinTech Does Not Stagnate: Progress cannot be stemmed. There is always the search for the next best thing. Today’s technological market is such that every step taken towards advancement aims to provide grander benefits and convenience to consumers. This factor has greatly enabled the evolution of FinTech. Services like mobile money would allow consumers to control their finances using their smartphones. The peer-to-peer (P2P) or marketplace lending allows several prospective entrepreneurs to engage with investors. Robo Advice provides greater precision and accuracy when providing financial services. Not to mention, Insuretech (insurance technology) & Crypto-Asset have significantly redefined what is possible with FinTech. FinTech has been of significant benefit in India’s budding Electric Vehicle sector. Fintech companies have been primarily responsible for providing credit supply solutions to interested buyers, digital payment solutions for drivers and have even offered an incredible ecosystem where insurance providers, battery manufacturers, and other key players of the electric vehicle domain can connect seamlessly. They have stepped up in a sector that conventional financiers ideally avoid. The influence of technology has not limited these services to India, but is being extensively accepted and implemented throughout more significant parts of the world. There is no limit to the influence of digital innovation in FinTech, and there is no definitive mark of the advantages this provides consumers and businesses alike.  Source Link

[greenfrontiercapital]

Green Frontier Capital’s Vision as a Climate Tech-focused Venture Capital Fund: Investing in Tomorrow

In recent years, there has been a significant increase in global focus on sustainability, particularly in the financial sector. According to PwC’s State of Climate Tech Report 2023, climate tech’s share of private market equity and grant investment rose to 11.4% in Q3 2023, showing a continuous upward trend over the past decade. The Confederation of Indian Industry (CII) projects the global sustainable finance market to grow from USD 3.6 trillion in 2021 to USD 23 trillion by 2031.

The increase in climate tech investment in India is largely fueled by electric mobility. Funding in the ‘Energy’ and ‘Mobility and Transport sectors together make up over 94% of total climate-tech investments in India from 2019 to November 2023. Transport, a major contributor to global emissions at 16.2%, is a crucial area for intervention in the fight against climate change. As consumer interest in this sector grows, so does the interest from climate VC fund and angel investors. The global EV market, valued at $plate_number_1.65 billion in 2022, is projected to grow to $1,579.10 billion by 2030. With the Indian automobile industry ranked 5th globally and expected to become 3rd by 2030, the electric mobility sector in India offers promising green investment opportunities. Green Frontier Capital’s vision is focused on harnessing these opportunities.

India’s electric vehicle (EV) industry has experienced significant growth due to government regulations, technological advancements, and changing consumer preferences. The industry is expected to achieve a compound annual growth rate (CAGR) of 49% from 2022 to 2030. India has established ambitious targets for EV sales, aiming for 30% in private cars, 70% in commercial vehicles, 40% in buses, and 80% in two- and three-wheelers by 2030, which would result in 80 million EVs on Indian roads by 2030. Green Frontier Capital has identified numerous investment opportunities in this growing sector for its investors.

Investment Opportunities in India’s EV Market

Electric Vehicle Manufacturers: Companies that manufacture electric vehicles are benefiting from the increasing demand for clean transportation solutions. Both established players and new entrants are expanding their EV portfolios. Green Frontier Capital has invested in Euler Motors, a commercial EV OEM that has a fleet of over 250 three-wheelers serving customers like Big Basket and Ecom Express. Additionally, Green Frontier Capital has made another investment in Motored, a company that manufactures electric cycles.

Ride-Hailing Services: Electrifying fleets can significantly reduce environmental impact. Green Frontier Capital has invested in BluSmart, which is India’s largest zero-emission ride-hailing service. BluSmart recently launched its EV fleet in Bengaluru.

Battery technologies and services are crucial for the adoption of electric vehicles (EVs). Green Frontier Capital has invested in Battery Smart, which is India’s largest battery-swapping network. India needs over 400,000 charging stations annually, with a projected 1.32 million by 2030. Recognizing this potential, Green Frontier Capital has also included ElectricPe, India’s leading EV charging platform, in its portfolio.

In addition, collaborations between banks, non-banking financial companies (NBFCs), and fintech start-ups are providing financing options to reduce EV purchase costs, especially for low-income individuals. Green Frontier Capital has invested in Revfin, a financing company that offers loans for EVs to individuals from low-income backgrounds.

Addressing Challenges and Mitigating Risks

India’s EV industry has great potential, but investors must know the challenges and risks. The rollout of charging infrastructure faces high capital costs, land acquisition issues, and regulatory hurdles. The regulatory landscape is constantly evolving and impacts market dynamics. Rapid technological advancements and intense competition pose risks to investors. Companies must innovate and adapt to remain competitive. Green Frontier Capital conducts thorough due diligence to identify companies with clear strategies to overcome these challenges and tap into the long-term growth potential of the EV market.

Climate Tech Investments: Combining Profit and Purpose

Investing in India’s EV industry offers financial returns and drives positive environmental and social impact. Electric vehicles produce zero tailpipe emissions, helping mitigate air pollution and reduce greenhouse gas emissions. Climate VC funds’ investments in EVs contribute to combating air pollution and fostering a future where economic growth and environmental conservation go hand-in-hand.

Tags: venture capital funds | climate investors India | vc climate tech | venture capital for startups

[racheltaylor1804]

Sameer Aggarwal; Financing the EV revolution

Early on, Sameer Aggarwal had a relationship with "prime." His first job after graduating from IIT Kharagpur, one of the top engineering schools, was with HSBC. A few years later, the Delhi native moved to London and kept working for one of the biggest financial and banking institutions in the world. During his nearly ten-year tenure, he held important positions like managing a portfolio worth £20 billion that included credit cards, and operating in 15 locations across six continents.  

An innovative digital lending platform called Revfin has started its extensive #RevfinBharatYatra campaign to spread awareness of electric vehicles (EVs) and environmental sustainability throughout the nation. Sameer Aggarwal Revfin founder has ensured the market dominance as part of the effort and establishes the same position in additional domains.

[emilysmith654]

Sameer Aggarwal; Financing the EV revolution

Early on, Sameer Aggarwal had a relationship with "prime." His first job after graduating from IIT Kharagpur, one of the top engineering schools, was with HSBC. A few years later, the Delhi native moved to London and kept working for one of the biggest financial and banking institutions in the world. During his nearly ten-year tenure, he held important positions like managing a portfolio worth £20 billion that included credit cards, and operating in 15 locations across six continents. Then he started with RevFin, and his performance was exceptional.  Supporters of RevFin are thrilled with the outcome. 

[freak60000]

NAH IM GOING THRU IT i am prowling twitter for revfin d er art i have hit the absolute jackpot

[ask-deathofrevenant]

R E V F I N D E R

Revfin—?

[ Revenant realizes what the word could mean. He groans. ]

Count your seconds. They're your last.