Mumbai, Oct 20: Revfin, India’s largest EV financing platform for individual drivers has closed its Series A round of funding worth USD 10mn in a combination of equity and debt.
The funding round was led by Green Frontier Capital (GFC), India’s first-ever VC fund focusing specifically on climate investments, which is managed by Sandiip Bhammer and Rudra Dalmia and LC Nueva Investment Partners, a partnership between Singapore’s Lighthouse Canton and New Delhi based Nueva Capital, alongside participation from existing investors.
In connection with GFC’s investment, Ajay Gupta, Senior Partner Emeritus at McKinsey & Co. will also be joining the board of Revfin.
Gupta is an alumnus of IIT Delhi and Stanford University and sits on the board of several companies in the US and India. (UNI)
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