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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Bengaluru-based electric vehicle maker Ultraviolette Automotive and Bolt.Earth have announced that their interoperable Type-6 DC fast-charging network has surpassed 130 operational stations across 7 Indian states.

The current footprint more than doubles the initial deployment goal of 50 chargers established when the companies signed their strategic partnership in March 2026.

The accelerated infrastructure rollout is designed to support a growing performance electric motorcycle market and mitigate range anxiety. The active charging stations are distributed throughout Andhra Pradesh, Karnataka, Kerala, Maharashtra, Tamil Nadu, Telangana and West Bengal. As part of the network's next deployment phase, an additional 200 Type-6 DC fast chargers are scheduled to go live over the next two months.

The public charging network adheres to the IS 17017 Part 2 Section 6 standard, establishing native hardware compatibility for Ultraviolette's F77 and newly launched X-47 Crossover electric motorcycles without requiring external charging adapters. The physical infrastructure expansion relies on a dual-strategy approach, combining new installations of Type-6 DC fast chargers with targeted hardware upgrades to Bolt.Earth's existing charging points.

Niraj Rajmohan, Co-Founder & CTO, Ultraviolette, said, “Crossing 130+ Type-6 fast chargers ahead of schedule is in response to Ultraviolette’s expanding rider base and the broader growth of India’s electric two-wheeler market. The expansion also comes at a pivotal moment for India’s mobility sector. Recent crude-linked volatility has reinforced the need for more resilient, electricity-led mobility infrastructure. For electric mobility to scale meaningfully, charging infrastructure must evolve alongside vehicle technology with reliability, accessibility, and interoperability at its core. The rapid expansion of the Type-6 ecosystem marks an important step towards building a standardised and future-ready charging backbone for electric mobility.”

Mohit Yadav, Founder, Bolt.Earth, added, “Crossing 100 chargers within weeks of launch is more than a milestone for us, it reflects both the pace at which India’s EV ecosystem is evolving and our ability to scale interoperable infrastructure rapidly. With a roadmap to deploy 10,000 Type-6 Blaze DC chargers over the next two years, our focus remains on building one of India’s most reliable and accessible public fast-charging networks for electric two-wheelers.”

The network's software backend is integrated across both companies' digital applications. This allows riders to access real-time charger discovery, monitor active charging session telemetry, and process payments via integrated payment portals. Bolt.Earth has outlined a long-term commercial roadmap to deploy 10,000 Type-6 Blaze DC chargers over the next 24 months to support high-density urban transit routes and regional highway corridors.

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Switch Mobility, the electric vehicle business of Ashok Leyland, has expanded its product lineup with the introduction of the Switch IeV4 Reefer, a purpose-built electric refrigerated vehicle designed for temperature-controlled cold chain logistics. The EV has seen initial adoption by logistics operators across western, northern and southern regions of India.

The IeV4 Reefer is based on a 300V high-voltage electrical architecture and features a 32.2 kWh lithium-ion battery coupled with a permanent magnet synchronous motor. The powertrain configuration yields a peak output of 60 kW and 230 Nm of torque, supporting a top speed of 80 kmph and a gradeability of 22 percent.

The thermal management system provides adjustable temperature regulations between -25deg C and +25deg C, allowing the vehicle to operate across frozen, chilled and fresh food or pharmaceutical distribution sectors. The refrigeration container body utilises 100 mm thick sandwich panel insulation to manage thermal retention.

To conserve battery capacity, the vehicle includes a standby and pre-cooling system. This mechanism allows the refrigeration unit to draw power directly from the electrical grid during vehicle DC charging, loading, or unloading cycles, preserving battery energy for transit operations.

The Switch IeV4 Reefer has a Gross Vehicle Weight (GVW) of 3,490 kg with a net payload capacity of 1,200 kg including the weight of the refrigeration unit. It comes with a Combined Charging System (CCS2) supporting both AC and DC inputs. Fast DC charging replenishes the battery from 10 percent to 80 percent in approximately 55 minutes.

It comes integrated with Switch iON connected technology to handle real-time diagnostics, route tracking and fleet productivity metrics.

The cabin configuration features electric power steering, a D+2 seating layout and suspension stabilisation systems intended to support driver comfort during urban and regional freight delivery routes.

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Amazon India has announced a partnership with Eicher Trucks and Buses, a division of VE Commercial Vehicles (VECV), to deploy around 1,000 electric trucks to support its Amazon Now ultra-fast delivery service. The deployment is scheduled to be completed by 2028.

The logistics strategy utilises the Eicher Pro-X, a compact electric truck developed by VECV specifically for high-frequency, intra-city freight movement. These vehicles will transport goods from large fulfilment hubs located on urban peripheries to a network of smaller micro-fulfilment centres (MFCs) situated within residential and commercial zones.

The Eicher Pro-X fleet will ply around 100km to 180km per vehicle, supporting multiple turnaround trips. The e-trucks are fast-charge capable to be fully charged in approximately 50 minutes. The initial rollouts are concentrated in Delhi-NCR, Bengaluru and Mumbai.

The green fleet expansion aligns with the growth of Amazon Now, which is expanding to 100 cities via a network of more than 1,000 MFCs. This infrastructure expansion covers regional hubs including Pune, Hyderabad, Chennai, Kolkata, Jaipur, Lucknow, Kochi, Mangalore and Vizag.

Abhinav Singh, VP Operations, Amazon India and Australia, said, “We have always focused on making our operations more sustainable and have steadily expanded our electric mobility efforts, with over 12,000 EVs already deployed across India. We work closely with multiple OEM partners to build solutions suited to our needs, and are integrating electric transportation more deeply as we grow. The planned deployment of around 1,000 purpose-built Volvo Eicher electric trucks is yet another step in that direction.”

SS Gill, Chief Commercial Officer, VECV, added, “The deployment of Eicher Pro X electric trucks marks a significant step forward in our commitment to sustainable mobility. What makes this even more meaningful is that the electric small truck from Eicher has been co-created in close collaboration with Amazon, with a sharp focus on addressing their specific operational needs for e-commerce and quick commerce operations. This partnership-led approach ensures that we are not only delivering electric vehicles, but also enabling efficient, reliable, and scalable logistics solutions.”

Amazon and VECV have collaborated on e-commerce transport solutions since 2022. This agreement follows an initial deployment of 50 Eicher trucks, alongside an earlier 2025 pilot involving 100 electric vehicles from multiple automotive manufacturers. Globally, Amazon India has deployed over 12,500 electric vehicles across more than 500 cities to manage middle-mile and last-mile logistics.

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Bengaluru-based electric vehicle start-up Oben Electric has announced that its new e-motorcycle – the Oben Rorr Evo – has received more than 25,000 bookings within 15 days of its launch.

The Oben Rorr Evo was launched on 30^th April at an introductory price of INR 99,999 (ex-showroom) for the first 10,000 units, which would later be hiked to INR 124,999 (ex-showroom). The deliveries for the e-motorcycle are scheduled to begin in June 2026.

The e-motorcycle features a proprietary IPMSM motor delivering a claimed peak power output of 9 kW and 250 Nm of wheel torque. The motor is IP68-rated and does not use heavy rare-earth elements. It uses a 3.4 kWh Lithium Iron Phosphate (LFP) battery providing a claimed Indian Driving Cycle (IDC) range of 180 km. The battery comes with an eight-year warranty. A zero to 40 kmph is said to happen in 3 seconds with a top speed of 110 kmph.

The Oben Rorr Evo is fast charge capable, which allows it to go from zero to 80 percent in a claimed 90 minutes.

At present, Oben Electric operates a retail network of 150 showrooms and service centres across 100 cities in 18 states, with plans to add 200 showrooms by the end of FY2027.

The Rorr Evo is manufactured utilising vertical integration at the company's facility, which has an annual capacity of 100,000 motorcycles. Oben Electric designs and produces core components in-house, including the motors, vehicle control units (VCU), chargers, and software systems.

Madhumita Agrawal, Founder & CEO, Oben Electric, said, “With India actively accelerating its transition towards electric mobility, the response to the Rorr Evo shows that the shift is now extending meaningfully into the electric motorcycle category as well. Crossing 25,000 bookings in just 15 days is not merely a strong product milestone for us, but a larger consumer signal that Indian riders are now ready to adopt electric motorcycles that deliver uncompromised performance, everyday practicality and ownership confidence. We believe the electric motorcycle segment is at the forefront of India’s next EV growth wave, and with our vertically integrated manufacturing capabilities and 150+ showrooms across 18+ States, we are fully geared to deliver this demand at scale.”

The motorcycle is equipped with a five-inch colour TFT display and utilises the ARGUS connected technology platform, which supports over-the-air (OTA) updates, navigation, geo-fencing and fall detection with emergency SOS. The vehicle also features SmartIQ, an AI-powered software system designed to manage energy consumption and increase the riding range.

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