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 Ola Electric has announced that it registered 16,144 electric two-wheelers in June 2026, as compared to 20,697 units for the same period last year.

For Q1 FY2027, the retail sales came to 43,719 units, as compared to 22,252 units sold in Q4 FY2026.

“Q1 FY27 marks a significant milestone in our growth journey, with registrations doubling sequentially and June registering 16,144 vehicles - our strongest monthly performance in recent quarters. The sustained momentum reflects the success of our operational improvements, strong product portfolio and continued customer preference for Ola Electric. We remain focused on accelerating EV adoption through technology leadership, manufacturing scale and delivering a differentiated ownership experience," the company said in a statement.

Ola Electric attributes its performance to improvements in retail execution and product availability.

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EV charging and energy management company Kazam, in collaboration with the Alliance for an Energy Efficient Economy (AEEE), has unveiled a report emphasising residential charging infrastructure's role in India's net-zero journey. Titled ‘The Net-Zero Transition Starts at Home’, the document was released at the India Habitat Centre in New Delhi. The launch was attended by Amal Sinha from BSES, Sameer Pandita of the Bureau of Energy Efficiency (BEE), Irfan Ahmad from the Central Electricity Authority (CEA) and other energy regulators.

The findings draw from Kazam's dataset of over 80,000 residential charger installations, gathered through field surveys and consumer interviews across 5,000 pin codes, including high-adoption states like Assam, Rajasthan and Uttar Pradesh. The analysis examines how EV adoption is altering household electricity consumption patterns nationwide.

India's EV transition diverges from global markets, driven by light electric vehicles, with two-wheelers and three-wheelers comprising roughly 90 percent of 2025 sales. These vehicles are typically charged overnight at home, yet nearly half of potential buyers lack access to formal residential charging infrastructure.

The report identifies three primary obstacles to safe residential charging. Prolonged overnight cycles strain grids not designed for sustained loads, causing overheating, socket melting, voltage fluctuations and inadequate earthing. Structural challenges persist in urban areas, where 70 to 75 percent of residents live in apartments, facing issues like lack of dedicated parking and resistance from housing associations.

Kazam and AEEE convened a roundtable with government bodies, utilities and real estate firms, proposing a four-layer framework defining EV readiness across sanctioned load, metering, earthing, wiring and awareness. Kazam also launched an online quiz for buyers to assess home preparedness. The report notes that for India's growing gig workforce, home charging is vital, as public stations can triple or quadruple electricity costs.

Akshay Shekhar, Co-Founder & CEO, Kazam, said, “Creating safe and EV-ready homes will be critical to sustaining long-term confidence in electric mobility and ensuring the benefits of EV transition are available to all. EV-readiness must become a core component of how residential projects are planned, approved and built, not as an afterthought. From affordable housing to redevelopment projects, charging infrastructure should be embedded into building approvals and occupancy certificates as a fundamental requirement. At the same time, schemes such as PM E-DRIVE and state EV policies can play a critical role in supporting residential electrical retrofits, particularly for low-income households and rental-heavy communities where dependence on electric two- and three-wheelers is the highest.”

Sumedh Agarwal, Director, Smart and Resilient Power and Mobility, Alliance for an Energy Efficient Economy (AEEE), said, “India has made significant progress on EV adoption being increasingly driven by people who use their vehicles to earn a living, but our residential infrastructure remains unprepared for the transition at scale. Charging access at home directly shapes the economics of vehicle ownership, particularly for delivery partners, commercial drivers and small entrepreneurs who depend on their vehicles for daily earnings. EV-readiness must now be built into our buildings, electricity networks and urban planning frameworks. The next phase of India's EV transition will be won or lost in our residences, and it must be safe, inclusive and capable of delivering long-term economic and environmental benefits at scale."

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Drivn, an EV leasing platform for commercial fleets, has formed a partnership with BillionE Mobility to lease and deploy 200 electric trucks. This collaboration aims to advance freight operations in India through fleet deployment, route electrification and charging infrastructure.

The first phase involves the deployment of 22 trucks for a cement industry customer under a long-term contract. This initiative establishes an electrified freight corridor. The partners project that this deployment will reduce CO2 emissions by 4,500 tonnes annually compared to internal combustion engine (ICE) trucks.

Alpna Jain, Co-Founder and Chief Business Officer, Drivn, said, "Electric trucks scale only when the right ecosystem is in place. Reliable charging infrastructure, alignment across partners, and disciplined on-ground execution are all critical to making large-scale deployments successful. Through our partnership with BillionE Mobility, we are focused on ensuring high vehicle uptime, operational consistency, and efficiency across every trip. This deployment demonstrates that EV freight is not just about replacing diesel trucks, but about building a logistics model that delivers both environmental and operational benefits."

Kartikey Hariyani, Founder, BillionE Mobility and Sanjeev Kulkarni, CEO, BillionE Mobility, added, “At BillionE Mobility, we’re not just imagining the future of mobility – we’re building it. Electrifying India's freight sector is a collaborative effort. By partnering with Drivn, we are combining technology, operations, and financing to remove key barriers to EV adoption. Together, we look forward to helping customers transition to cleaner, more efficient logistics.”

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Tata Power and Tata Passenger Electric Mobility (TPEM) have inaugurated a TATA.ev MegaCharger Hub at the iLabs Centre in Hitech City, Hyderabad, which marks the first-of-its-kind in Telangana.

The hub is designed to support the growing number of electric vehicles in the city, including private cars, commercial fleets and ride-hailing services. Key features include a total of 360 kW charging capacity. It has three 120 kW dispensers capable of charging six vehicles simultaneously, which is accessible 24 hours a day.

This hub is part of the TATA.ev MegaCharger network, which comprises over 750 charging points across India. Users can manage charging sessions via the Tata Power EZ Charge App.

Tata Power currently operates a network of over 6,500 public charging points across more than 700 cities and towns. The company has also installed over 230,000 home chargers in collaboration with various automotive manufacturers.

The inauguration event was attended by Jayesh Ranjan, Special Chief Secretary to the Government of Telangana and Gopalakrishnan VC, Director of the Automotive and EV Sector for the Government of Karnataka, alongside representatives from Tata Power and Tata Motors.

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