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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Youdha has unveiled the EPOD-Bharat, a limited-edition hand-painted version of its L5 electric passenger three-wheeler. The electric three-wheeler was displayed at the Bharat Vyapar Mahotsav at Bharat Mandapam in New Delhi.

The exterior artwork draws inspiration from Warli art, featuring depictions of rural life, nature and community gatherings. The initiative combines traditional Indian art forms with commercial electric vehicle manufacturing.

The base EPOD vehicle is powered by a 6 kW motor generating 50 Nm of torque, paired with an 11.8 kWh lithium-iron-phosphate battery pack. The powertrain delivers a certified range of up to 227 kilometres per charge and includes City and Boost driving modes. The chassis provides a 300 mm water-wading depth for operation across varied road conditions.

Priced from INR 320,000, the passenger three-wheeler targets self-employed drivers and commercial fleet operators. Production takes place at Youdha’s assembly plant in Kashipur, Uttarakhand, which maintains an annual manufacturing capacity of 100,000 units.

Ayush Lohia, Chief Executive Officer, Youdha, said, “EPOD-Bharat is our tribute to the spirit of Bharat and to the women and artisans whose creativity and resilience continue to shape our country. We wanted to bring traditional Indian art onto a modern electric mobility platform, creating a vehicle that represents both our heritage and our aspirations for the future.”

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Electric mobility startup E3 Electric.Ai has opened its first retail and service outlet in Koramangala, Bengaluru. The 2,500 square foot facility integrates sales, servicing and spare parts management within a single location.

The flagship centre displays the company's E3 Trion electric scooter range, comprising the C1, C1x and C2 models. The facility features interactive stations for customers to test vehicle software functions, including diagnostic systems, predictive telemetry tools, and IoT connectivity features. The location also includes public charging infrastructure through Type 7 DC fast chargers installed in collaboration with Kazam EV Tech.

Sanjeev P, Founder and Chief Executive Officer, E3 Electric.Ai, said, “An electric scooter is only as good as the ownership experience behind it. That’s exactly what we’ve built in Koramangala, a place where a customer can experience all three Trion variants, run the AI HEALTHSCAN themselves, charge their vehicle, and get it serviced, all in one visit. We didn’t want a showroom that just sells the Trion. We wanted a space that lets people feel the intelligence and engineering behind it. Starting in Bengaluru, on India’s 80th Independence Day, felt right. This is home ground for us, and it’s where we want every future dealership to be measured against.”

The Koramangala facility serves as the initial unit under the company's build-and-transfer retail framework. E3 Electric.Ai plans to establish six partner dealerships across Bengaluru and extend operations to Mysuru. The company aims to expand its retail network to 100 dealerships across more than 90 markets in India within the current financial year.

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Mumbai-headquartered automotive major Mahindra has expanded its electric vehicle offering with the new BE 6 Sporteq e-SUV range with updated tech and design at prices starting INR 1.14 million for the Battery-as-a-Service (BaaS) ownership model, with an additional battery fee of INR 3.75 per kilometre.

The company simultaneously unveiled two specific variants within the lineup, the Launch Edition and the Formula E Freedom Edition. Deliveries for the vehicle range will begin on 26 August 2026.

Offered across eight variants, the SPORTEQ series features technical and design updates. Select variants include a three-screen coast-to-coast display system, while the Formula E Freedom Edition retains a two-screen layout with a central halo structure. The vehicles run on Mahindra’s AI architecture, named MAIA, which powers six technology packages covering voice interactions via Google Gemini, drive modes, safety monitoring and media integration. Software features introduced in the series will be extended to existing BE 6, XEV 9e, and XEV 9S owners via over-the-air updates beginning in January 2027.

Dr Velusamy R, President – Automotive Business, Mahindra & Mahindra and Managing Director, Mahindra Electric Automobile, said, “Electric mobility is entering a new phase. Customers no longer judge an EV simply by its range or acceleration. They expect it to become more intelligent, more personal and more capable throughout its lifetime. Sporteq reflects that shift. Powered by MAIA, it brings together AI, personalisation, performance and entertainment in ways that make every journey more intuitive. As the BE 6 is software-defined, it has the ability to keep evolving long after customers take delivery. The future belongs to vehicles that grow with their owners. Sporteq is designed to do exactly that, delivering an ownership experience that keeps expanding the boundaries of what customers expect from an electric SUV.”

Pratap Bose, Chief Design & Creative Officer – Auto & Farm Sectors, Mahindra & Mahindra, said, “At Mahindra, design goes beyond styling. It encompasses not just how a product looks or feels but how customers experience it in all its aspects. This is especially true of a software-defined vehicle like the BE 6 Sporteq whose design ensures that every surface, every display and every interaction contribute to how the car makes you feel. With Sporteq, we wanted the cabin to deliver the same sense of theatre as the exterior. The new Racing Tan interior, the coast-to-coast three-screen display and every material choice have been brought together to create an environment that feels immersive, progressive and unmistakably BE 6. It is a space that celebrates technology without losing its emotional connection with the driver.”

Nalinikanth Gollagunta, Chief Executive Officer – Automotive Division, Mahindra & Mahindra and Executive Director, Mahindra Electric Automobile, said, "The BE 6 has always stood for bold design, sporty character and the courage to do things differently. Sporteq builds on that foundation, combining performance-inspired experiences with intelligent technology to create the next chapter of the BE 6 story. It is about making advanced technology and everyday excitement accessible to more customers than ever before."

The top-spec Launch Edition features a Graphite Storm exterior finish and a tan leatherette interior. The performance-orientated Formula E Freedom Edition incorporates design elements from Mahindra’s Formula E racing division, offering an acceleration capability of zero to 100 kmph in 6.44 seconds alongside an acceleration boost function.

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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company, part of the TVS VENU group, has launched the TVS iQube electric scooter in Kenya, marking the company's entry into the African electric vehicle market.

The e-scooter is equipped with an electric motor delivering a peak output of 4.6 kW, achieving acceleration from zero to 40 kmph in 4.2 seconds.

Peyman Kargar, President – International Business, TVS Motor Company, said, "The TVS iQube in Kenya marks our entry into the African EV market and reflects our continued focus on expanding innovative electric solutions across international markets. It’s a key milestone in our growth journey.”

The entry into East Africa comes as two-wheeler adoption expands across the continent. According to company figures, global sales of the TVS iQube series have exceeded one million units.

Vijay Gidoomal, Chief Executive Officer of distribution partner Car & General, added, “While the overall African two-wheeler market is growing at 7-10 percent CAGR through 2030, the electric two-wheeler market is growing much faster, with forecasts ranging from 15-25 percent CAGR through 2030-31. EV penetration’s still low relative to the size of the industry and the runway promises to be extremely long.”

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