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 manufacturer Oben Electric has commenced deliveries of the Rorr Evo motorcycle with an initial delivery event in Bengaluru.

The company plans to roll out deliveries across its 150 showrooms nationwide in the coming weeks.

The launch follows 25,000 bookings received within 15 days of the motorcycle's launch in May 2026. Oben Electric stated that it is scaling production to meet this demand, supported by a facility with an annual capacity of 100,000 units. The company operates a retail and service network across 90 cities in 18 states.

The Rorr Evo is priced at INR 124,999 (ex-showroom) and features a 9 kW motor, a 3.4 kWh battery and has a claimed top speed of 110 kmph with a range of 180 km. The vehicle includes a 5-inch TFT display, navigation and connectivity features. Oben Electric designs and manufactures its batteries, motors, and software in-house.

Madhumita Agrawal, Founder & CEO, Oben Electric, said, "Building demand is one milestone but consistently delivering on that demand is what builds enduring customer trust. The commencement of Rorr Evo deliveries marks an important milestone for us as strong customer demand now translates into real motorcycles on the road, and we are deeply grateful to the customers who placed their faith in us. India is a motorcycle-first nation, and the next phase of electric mobility will be defined by electric motorcycles that fit seamlessly into everyday riding. As manufacturers, our responsibility is to bridge the gap between aspiration and adoption by building electric motorcycles that deliver uncompromised performance, reliability, safety and ownership confidence. Every delivery is a step towards making electric motorcycles a practical and trusted choice for millions of Indian riders."

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EMotorad, a leading bicycle brand, has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to establish a manufacturing facility in Kuppam. The company has been allocated a 7-acre site for the plant, which will be part of the region's Green City Initiative.

The project is a collaboration with the Kuppam Area Development Authority (KADA) and IIT Kanpur. EMotorad expects the facility to produce electric cycles for markets in Andhra Pradesh and across India, while providing employment for the community.

Kunal Gupta, Co-Founder and CEO, EMotorad, said, "Kuppam holds a special place in EMotorad's journey. It's where we set our world record earlier this year, and that moment stayed with us. It made us want to put down roots here, not just pass through. Setting up this facility is just an indication of our intentions for a city that has given us so much. Beyond manufacturing, this is about building something lasting for the people of Kuppam, real jobs, real infrastructure, and a stake in India's clean mobility future. We're deeply thankful to Chief Minister N Chandrababu Naidu Garu for his leadership behind the Green City Initiative and for trusting us to be part of that story."

The Green City Initiative aims to develop Kuppam as a hub for sustainable development. Other organisations involved in the initiative include Mother Dairy, Adidas and Hindalco.

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Bengaluru-based electric vehicle maker Simple Energy has collaborated with IDFC FIRST Bank to provide vehicle financing for customers buying its e-scooters.

The partnership aims to support electric vehicle adoption by providing financing options and approval processes at the point of sale. At present, Simple Energy operates 73 outlets in 39 cities, with plans to expand to centres including Ranchi and Bhubaneshwar.

Shreshth Mishra, Co-Founder, Simple Energy, said, “India's transition to electric mobility will be driven not only by innovation, but also by accessibility. As we continue expanding our retail footprint across the country, it is equally important to make EV ownership more convenient for customers. This partnership with IDFC FIRST Bank will help simplify the purchase journey by enabling easier access to financing, allowing more riders to experience our long-range, high-performance electric scooters and accelerate the adoption of electric mobility."

The company’s current product portfolio includes the Simple OneS Gen 2 priced from INR 159,999, the Simple One Gen 2 from INR 194,999 and the Simple Ultra from INR 234,999.

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New Delhi-based electric vehicle company Komaki has introduced two new e-scooters - the MG Pro V and MG Pro+, priced at INR 73,999 and INR 79,999, respectively, featuring metal-body construction, distinguishing them from the fibre-bodied scooters commonly found in this segment.

The MG Pro V offers a range of 90-100 km, while the MG Pro+ provides a range of over 150 km per charge. Both scooters use BLDC hub motors and LiFePO4 battery technology. Standard features across the models include front disc brakes, telescopic suspension, mobile app connectivity, an anti-theft lock, a parking assist system and a repair switch.

Gunjan Malhotra, Co-Founder, Komaki Electric Vehicles, said, "The electric two-wheeler market has grown rapidly, but affordability should never come at the cost of quality. With the MG Pro V and MG Pro+, we wanted to offer customers features that have traditionally been associated with more expensive vehicles. These include a strong metal body and safe, long-lasting LiFePO4 batteries with a longer lifespan than those found in many electric two-wheelers and ICE vehicles currently available in the market. This combination inspires confidence among customers. It also reflects our commitment to making premium build quality, dependable performance, and modern technology accessible to a much wider audience. We believe customers deserve products that not only look good but are built to withstand everyday Indian road conditions."

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