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.”

Comments (0)

ADD COMMENT

Link Copied!

Hindustan Zinc has deployed a 250 Metric Tonne capacity electric crane at its Zinc Smelter in Debari, Rajasthan. The hybrid machine operates on diesel and electricity and is part of a strategy to reduce emissions across the company's industrial infrastructure.

The crane replaces a diesel-operated model that consumed 93,600 litres of fuel per year. The company expects this transition to avoid approximately 250.8 tonnes of CO2 in annual emissions.

Arun Misra, CEO, Hindustan Zinc, said, “At Hindustan Zinc, sustainability is deeply embedded in how we operate, innovate and grow. The deployment of India’s first 250 MT electric crane is another example of our resolve to adopt clean technology and redefine how core industry transitions to low-carbon solutions. This initiative reflects our efforts to foster a culture of sustainability while laying the foundation for a greener and more resilient industrial ecosystem.”

The deployment follows a series of green initiatives introduced by Hindustan Zinc, which include deploying underground battery electric vehicles (BEVs), inducting a fleet of 250 LNG trucks for concentrate transport, use of 40 electric bulkers & electric passenger buses and launch of four electric loaders at the Rampura Agucha Mine.

Deepak Garg, Managing Director, SANY India, said, “Hindustan Zinc has consistently demonstrated industry leadership in adopting technologies that redefine sustainable mining. At Sany, we are honoured to partner with the company in deploying India’s first 250-tonne diesel-electric hybrid all-terrain crane, a solution designed to improve energy efficiency, reduce emissions and support more responsible industrial operations. This milestone reflects our shared commitment to advancing innovation that delivers both operational excellence and meaningful environmental impact.”

Hindustan Zinc aims to reach net-zero emissions by 2050. The company has increased renewable energy in its power mix to 18 percent and is targeting a 50 percent reduction in Scope 1 and 2 emissions from its 2020 baseline.

Comments (0)

ADD COMMENT

Link Copied!

American electric vehicle start-up Slate has announced that its base truck model will be priced at USD 24,950, with deliveries expected to begin in Q4 of CY2026.

The platform allows owners to configure the vehicle as a pickup or an SUV, with options for the Squareback and Fastback models starting at USD 29,950. The EV features a modular design with a reported range of 205 miles (329km). The towing capacity is rated at 2,000 lb (907 kg), with a payload capacity of 1,550 lb (703 kg).

The EV design includes tactile controls and lacks a touchscreen. Owners can personalise their vehicles using over 200 accessories available through the Slate Marketplace.

Slate has engineered the modular EV to facilitate maintenance by the owner, with support provided via the Slate U guide. The vehicle includes a 10-year/110,000-mile (177,027 km) battery and powertrain warranty. Repair services are available through a network of 3,000 RepairPal shops and service centres.

Peter Faricy, CEO, Slate, said, “More than 180,000 reservation holders have told us they’re ready for a vehicle that’s affordable, reliable and built around their lives. Slate gives customers the freedom to buy only what they need today and personalise their vehicle as their needs change tomorrow. We’re excited to start seeing Slates on roads across America later this year.”

Established in 2022, Slate assembles its vehicles in Warsaw, Indiana. The company plans to invest USD 400 million in its factory, with projections to create 2,000 jobs. Customers can preorder the vehicle on the company website for USD 300. The company uses a direct-to-consumer sales model.

Comments (0)

ADD COMMENT

Link Copied!

Delhivery and Bajaj Auto have signed an agreement to deploy electric three-wheelers across Delhivery's last-mile delivery network. The partnership begins with the deployment of 200 Bajaj RIKI eCarts (model C4005) in the first phase, with a second phase planned for 2026–2027 that aims to reach a total of approximately 1,500 electric vehicles.

The initiative aims to improve operational efficiency in both metropolitan areas and Tier-2 and Tier-3 cities. The Bajaj RIKI eCart (C4005) offers a claimed range of over 100 km per charge. The vehicle features an electric powertrain and a two-speed automatic transmission. Delhivery plans to pair the vehicles with its automated route optimisation software to increase drop-offs per trip and reduce operating costs per kilometre. The EVs are designed with ergonomic seating to protect riders from weather conditions and reduce physical fatigue.

Prashant Gazipur, Chief Operating Officer, In-City Operations at Delhivery, said, "Our collaboration with Bajaj Auto addresses the economic well-being of our delivery partners while advancing both our environmental goals and those of our clients. By combining our intelligent routing systems with highly efficient cargo EVs, we are creating a more profitable model for our riders and offering our clients a cleaner, lower-carbon supply chain."

Samardeep Subandh, President, Intra-City Business, Bajaj Auto, added, "This partnership with Delhivery has the potential of transforming last-mile cargo transport, with Delhivery’s scale and technology and Bajaj Auto’s expertise in 3-wheeler electric mobility. The Bajaj Riki C4005 offers 100+ kms of range on a single charge, excellent reliability and durability along with better comfort and ergonomics for drivers."

The deployment is part of Delhivery’s broader strategy to reduce its Scope 3 greenhouse gas emissions and meet its environmental, social and governance (ESG) targets.

Comments (0)

ADD COMMENT

Link Copied!

Ultraviolette Automotive has opened its new UV Space Station in Aizawl, Mizoram, marking the company’s entry into Northeast India. The centre, established in partnership with MSS Motors, provides sales, service, test rides and accessories for the F77 and X-47 Crossover electric motorcycles.

At present, the EV maker’s ‘Kill the Petrol Bill’ campaign valid until 30 June 2026, will see customers purchasing an F77 or X-47 receive cashback based on the kilometres covered on their previous two-wheeler over the past two years.

The benefit is calculated at INR 1 per kilometre, with a maximum value of INR 30,000. Buyers must visit a space station for verification of their previous vehicle registration and odometer reading to claim the incentive.

Narayan Subramaniam, CEO and Co-Founder, Ultraviolette Automotive, said, "The Northeast is home to one of India's most passionate riding communities, with a strong culture of motorcycling and adventure. We have seen growing interest for Ultraviolette from customers across the region, making Aizawl a natural choice for our first experience centre in Northeast India."

Comments (0)

ADD COMMENT

Link Copied!