RevFin to support Shoffr’s e-cab fleet expansion across India

financialexpress.com:

Revfin, a leading finance solution provider and Bengaluru-based premium electric vehicle taxi service have announced a joint milestone of completing one year in operation.

The EV company launched its operations in November 2022 with an aim to provide high-quality services. In partnership with Revfin, which initially provided Shoffr with 4 BYD e6 electric vehicles, its fleet has now been bootstrapped to over 40 BYD e6.

Shoffr says its fleet has not only grown in size but also excelled in performance metrics, with asset utilisation levels remaining consistently above 75%. The Shoffr fleet has now covered more than a million clean kilometers across thousands of rides.

The partners aim to scale operations not just in Bengaluru but expanding to other metro cities, focusing on enhancing the quality of service, bolstering environmental sustainability, and creating a more inclusive urban transport system.

Sameer Aggarwal, CEO, and Founder, Revfin said, “Through our partnership with Shoffr, we’re not just redefining transportation; we’re transforming the landscape of urban mobility. Our joint efforts mark a significant stride towards a future where financial inclusion and sustainable transportation go hand in hand.”

Vikas Bardia, Founder & CEO, Shoffr said, “Shoffr has come a long way in just one-year to establish itself as the gold standard of rides and become a favourite of commuters in Bangalore. RevFin has been an early believer in Shoffr, and we’re delighted to strengthen our partnership as we grow.”