Digital lending platform Revfin has strengthened its management with the appointment of three senior executives as part of its FY2026 strategy, targeting INR 7.5 billion in disbursements and 5x growth over the past two years. The company also expects to cross INR 20 billion in cumulative disbursements since inception.

The new appointments include Abhinandan Narayan, Chief Business Officer – New Business, Monish Vohra, COO – Operations & Collections and Anirudh Gupta, Chief Finance & Strategy Officer. The appointments the company shared aligns with its focus on ‘People, Process, Profitability.’

Furthermore, Revfin has outlined its ambition to finance 24,000 EVs in FY2026. Till date, it claims to have financed over 85,000 EVs across 25 states, with 75 percent of borrowers from marginalised communities. Cumulatively, its driver partners have covered 1.6 billion electric miles and earned over USD 400 million.

In FY2025, the company grew its L5 EV loan book by 1,700 percent, supported by a partnership with Bajaj Auto and expanded collaborations with logistics firms. The L5 segment remains a key focus as a replacement for ICE vehicles in urban transport.

Sameer Aggarwal, Founder & CEO, Revfin, said, “The last financial year was a volatile one for the EV industry, but the excitement and energy within the sector remain undiminished. At Revfin, we are deeply convinced that intracity and small commercial vehicles must – and will – transition 100 percent to electric within the next three years. The opportunity is here and now. It’s time to set bold targets and pursue hypergrowth over the next two years. At this critical juncture, the right leadership becomes essential to realizing our ambitions. With the strong momentum we’ve already built, we’re confident the journey ahead will be even more rewarding. We’ve entered 2025 with a sharp focus on what truly matters: People, Processes, and Profitability. These latest leadership hires are a natural extension of that focus and our commitment to scale with purpose.”

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Chinese technology company Xiaomi EV has introduced the Sky Nomad, a series of reconfigurable SUVs designed to focus on cabin utility and occupant comfort.

While the company’s existing SU7 and YU7 series are designed for the driver, the Sky Nomad series is developed as a living space intended to adapt to different uses throughout the day, such as commuting, working from a parked vehicle or family travel.

The vehicle series is built on Xiaomi’s Kunlun Architecture, which supports a flat floor and a seating system that allows the interior to transition between driving, work and lounge configurations. The design integrates artificial intelligence and Xiaomi’s device ecosystem.

Lei Jun, Founder, Chairman and CEO, Xiaomi, said, "Our answer was to let intelligence define the space, to build a living interior that moves with you."

The Sky Nomad series is aimed at users who require a vehicle for a combination of daily commuting, family transport and work. The series was developed over three and a half years and is scheduled for launch in the Chinese mainland.

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Pune-headquartered alternative energy commercial vehicle manufacturer EKA Mobility has unveiled the EKA 9M Electric School Bus at Prawaas 5.0.

The e-bus is built on a monocoque platform and features a steel structure, with a capacity to seat 43 passengers and complies with AIS 052 standards.

EKA 9M school bus features an electronic braking system, electronic stability control and air suspension. It is available with 100 kWh or 200 kWh lithium iron phosphate (LFP) battery packs, offering a range of 180 km. The bus supports CCS2 fast charging, with a recharge time of under 1 hour and 45 minutes.

Dr Sudhir Mehta, Founder & Chairman, EKA Mobility, said, "The launch of our EKA 9M Electric School Bus reflects EKA Mobility's commitment to developing purpose-built electric mobility solutions that address the evolving needs of India's transportation ecosystem. As educational institutions increasingly embrace sustainable mobility, we are proud to introduce a next-generation school bus that combines safety, efficiency and innovation. This addition further strengthens our comprehensive commercial EV portfolio and reinforces our vision of enabling a cleaner, smarter and self-reliant future for mobility in India."

In addition to the school bus, EKA Mobility is exhibiting its EKA Coach, 12M low-entry electric bus and 3S & 6S models at Prawaas 5.0.

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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has announced a partnership with Indian Oil Corporation (IndianOil) to support LPG cylinder distribution using the TVS King Kargo HD vehicle range.

The initiative aims to provide commercial mobility solutions for IndianOil's network of over 13,000 LPG distributors across India. The partnership intends to improve the efficiency of last-mile deliveries while supporting the transition to sustainable mobility. By using the TVS King Kargo HD, distributors are expected to reduce operating costs and carbon emissions.

Rajat Gupta, Business Head of Commercial Mobility at TVS Motor Company, said, "At TVS Motor Company, we are focused on building mobility solutions that make everyday business more efficient and sustainable. Our partnership with IndianOil Corporation Limited brings together the strength of two trusted organisations to transform last-mile LPG cylinder distribution across the country. Through the TVS King Kargo range, we are enabling distributors with reliable, high-performance vehicles that help reduce operating costs, improve productivity, and support cleaner operations. This collaboration is another step towards making sustainable mobility practical, accessible, and impactful for businesses across India.”

V C Asokan, ED, SR & SH-TNSO, Indian Oil Corporation, said, "Indian Oil has consistently been at the forefront of delivering energy solutions that power the nation's growth while embracing sustainability. This initiative represents an important step towards modernising our LPG distribution ecosystem through sustainable mobility solutions. The induction of electric cargo vehicles will help improve fleet productivity, lower operating costs for our distributors, and contribute towards reducing carbon emissions. We believe this engagement will demonstrate how strategic industry partnerships can accelerate India's transition towards greener and more sustainable logistics."

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Fiat has introduced the Topolino to the United States market, marking the entry of Stellantis into the country's micromobility segment. The EV is available in two body styles, the Topolino and the Topolino Dolcevita, through select dealers with a manufacturer’s suggested retail price of USD 13,995, excluding destination fees.

The Topolino is a low-speed electric vehicle with a 5.4-kWh battery and a range of up to 46 miles (75 km). It has a speed of 19 mph (30.5 kmph), though owners can install a conversion kit by the end of summer 2026 to increase the speed to 25 mph (40 kmph), making it a street-legal low-speed vehicle (LSV) for roads with speed limits of 35 mph (56 kmph) or less.

Olivier Francois, CEO, Fiat, said, "Topolino represents a new chapter for the brand in the U.S. – defined not just by size, but by purpose. With Topolino, we bring a feeling, a lifestyle, a reminder that mobility can be joyful, expressive and beautifully simple. FIAT continues to stand apart by embracing its legacy in small cars, redefining mobility, and anticipating evolving customer needs. With the introduction of Topolino, FIAT brings its unmistakable Italian design and iconic character into this fast-growing segment, offering a fresh, stylish alternative that reimagines urban and neighborhood mobility."

The vehicle is part of the Stellantis FaSTLAne 2030 strategy, which focuses on providing mobility options. Fiat has also collaborated with Motori & Customs to offer customisation services for the Topolino.

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