LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Learn more in our Cookie Policy.
Select Accept to consent or Reject to decline non-essential cookies for this use. You can update your choices at any time in your settings.
Electric Mobility Financiers Association of India (EMFAI) is a common platform for financiers, risk twerks and other financial institutions directly involved in financing of electric vehicles and related products and services.
EMFAI mission is to promote fast and extensive adoption electric vehicles in India. EMFAI is working towards making EV financing sustainable by mitigating risks.
EMFAI works with all ecosystem partners like the governments and affiliate bodies, OEMs, dealers, fleet operators, e-commerce and insurers.
Industry
Financial Services
Company size
2-10 employees
Headquarters
New Delhi
Type
Nonprofit
Founded
2022
Specialties
Electric Mobility, Financing, Loans, Leasing, and Electric Vehicles
Revfin presents #BestFleetForward - which reflects our mission about empowering growth, breaking barriers, and creating a future where access, efficiency, and innovation drive the road ahead. With tailored solutions for fleets of all sizes, seamless financing, and a nationwide presence, we’re helping you put your best fleet forward towards a sustainable future.
#SustainableMobility#Nationwide#TailoredSolutions#Fleet#ElectricVehicles#EVFinancing#Revfin
Exciting Times for EV Charging Infrastructure in India! 🌟
I had the privilege of representing RiseWise Capital at the 5th Edition of EV Charge India 2024 in Bengaluru. It was an incredible experience to share our vision, mission, and unique financing opportunities for the EV sector, especially focusing on 2-wheeler and 3-wheeler charging infrastructure financing along with vehicle financing solutions.
During the Roundtable Discussion on Financing Solutions for EV Charging Infrastructure, I highlighted the importance of overcoming investment challenges and the need for public-private partnerships to drive EV growth in India.
Key takeaways from the event included insights from:
· Sanjay Krishnan, Founder and CEO of Lithium Urban Technologies, who noted, “Fast charging technologies are pivotal for scaling operations and maximizing fleet uptime.”
· Sravan Appana, Co-Founder and Chief Executor of iGowise Mobility, who posed the question, “Is EV Charging Infrastructure ready for mass adoption?”
· Jonathan Penrice, President of Dow MobilityScience, who emphasized, “The future of sustainable mobility depends on the reliability and performance of our infrastructure.”
The event sessions offered a wealth of knowledge, covering topics like:
· Pioneers of Change – Leading players driving India's EV charging space forward.
· Navigating Policy Changes – How government regulations are shaping EV charging stations in India.
· Policy Pathways – New government initiatives boosting EV infrastructure.
· Capitalizing on Charge – Investment opportunities in India’s EV sector.
· The Business of Charging – Market opportunities and challenges in India’s EV industry.
· Understanding Government Initiatives – Strategic efforts to expand EV charging across India.
It was an inspiring gathering, fueling the momentum for sustainable mobility in India. Looking forward to seeing the progress we can all achieve together in building robust EV infrastructure for the future!
Tejal BhartiyaSrinivas KEMFAIEMobilityPlus
#RiseWiseCapital#GreenEnergy#Finance#GoGreen##EVCharging#SustainableMobility#EVInfrastructure#ElectricVehicles#EVGrowth#RisewiseCapital#FutureOfTransport#CleanEnergy#ElectricRevolution#GreenMobility#IndiaEV#EVFinancing#PublicPrivatePartnership#EVChargingSolutions#EVIndia#SustainableFuture#EnergyTransition#EVIndustry#CleanTech#EVChargingStations#MobilityInnovation
At the Electric Mobility Financiers Association of India (EMFAI), we are committed to leading the charge in transforming India’s electric vehicle landscape. By uniting financial institutions, policymakers, and industry pioneers, we are laying the foundation for a sustainable and scalable EV ecosystem.
The EMFAI Sustainable Mobility Summit 2024 drew over 250 attendees from the EV, finance, and policy sectors, creating space for groundbreaking insights, ideas, and critical discussions about India's electric mobility journey.
We extend our deepest gratitude to all attendees, speakers, and partners. Shri Kailash Gahlot, Honourable Cabinet Minister, Government of Delhi, graced us as Chief Guest, with Siva S Ramann, Comptroller and Auditor General of India and Former CMD at SIDBI(Small Industries Development Bank of India), as Guest of Honor, underscoring the importance of policy in driving EV adoption.
The summit began with the ceremonial lamp lighting, followed by a welcome address by Sameer Aggarwal, President of EMFAI & Founder of Revfin, and Ashok Mittal, Secretary of EMFAI & Founder of PrestLoans.
Key sessions in Part 1 include:
🔹Spotlight Session: Where Are We on the Electric Mobility Journey and Where Do We Need to Go? Experiences with Policy and Finance
Featuring Ms. Mahua Acharya, CEO, International Energy Transition Platform and Former CEO of CESL, Government of India and Sh. Siva S Ramann, Comptroller and Auditor General of India and Former CMD at SIDBI.
🔹EMFAI – Its Journey and Impact
Presented by Nehal Gupta, Managing Director of Accelerated Money 4 U, and Anish Kila, Director of the Perfect Finance.
🔹Panel Discussion: Financing Mobility and the Ecosystem: What Have We Learned in 5 Years?
Featuring Pooja Jain (Times Network), Anant Badjatya (SUN Mobility), Akshay Singhal (Log9 Materials), Pulkit Khurana (Battery Smart), Sameer Aggarwal (Revfin), and Sulajja Firodia Motwani (Kinetic Green).
🔹Presenting Partner Akasa Finance Limited (Formerly known as Pooja Finelease Ltd.)Rohit Mehta, Managing Director of Akasa Finance , presented Akasa’s role in EV financing.
🔹Gogoro’s Insights into the International EV Ecosystem
Vishal Dhawan, Finance Head at Gogoro, shared global perspectives on EV financing.
Special thanks to ET NOW for their exceptional coverage and B2B Market Media as Organising Partner.
This summit was more than an event—it was a movement toward a greener India. Stay tuned for Part 2, featuring more valuable insights and discussions!
#EMFAI#SustainableMobility#EVRevolution#EventHighlights#EMFAISummit2024#ElectricVehicles#Innovation#CleanMobility
Here’s all you need to know about the PM E-DRIVE Scheme.
With the initiation of this Scheme, India has made a strong statement about EV adoption on the global stage. The comprehensive plan supports EV adoption on a larger scale and at every level, with an allocated sum of ₹10,900 crore. This initiative will lead to the introduction of sustainable infrastructure, innovative manufacturing practices, and enhanced EV support across all vehicle categories.
Key Highlights:
Duration: October 1, 2024, to March 31, 2026
Support for:
-24.79 lakh electric two-wheelers (e-2Ws)
-3.16 lakh electric three-wheelers (e-3Ws)
-14,028 electric buses
Infrastructure Initiatives:
-Aadhaar authenticated e-Voucher
-₹500 crore for deploying e-ambulances
-22,100 fast chargers for electric four-wheelers (e-4Ws)
-1,800 fast chargers for e-buses
-48,400 fast chargers for e-2Ws and e-3Ws
Financial Allocations:
-₹2,000 crore for EV Public Charging Stations (PCS)
-₹780 crore for upgrading testing agencies
With the PM E-DRIVE Scheme, India is set to accelerate its shift towards the next stage of green mobility and encourage a widespread EV adoption.
#EV#PMEDriveScheme#Scheme#Revfin#India
At EMFAI, we are dedicated to transforming India's electric mobility landscape by empowering financial institutions to play a pivotal role in advancing sustainable transportation. Through our efforts, we aim to build a robust ecosystem that accelerates EV adoption and drives India towards a greener future.
As part of the EMFAI Sustainable Mobility Summit 2024, Mr. Anish Kila, Member of EMFAI and Director of the Perfect Finance, and Ms. Nehal Gupta, Director of EMFAI and Managing Director at Accelerated Money 4 U, led a key session titled EMFAI – Its Journey and Impact. This presentation took a deep dive into EMFAI’s milestones, highlighting our collective achievements in policy advocacy, financial innovation, and partnerships. It also outlined the path forward as we continue to shape the future of electric mobility in India.
Together, we’re not just envisioning a sustainable future; we’re driving it forward with determination and innovation. Let’s accelerate the journey towards a cleaner, greener India!
Sameer AggarwalAshok MittalRohit MehtaKapil Garg#SustainableMobility#EVRevolution#EMFAI#ElectricVehicles#DelhiTransport#GreenFuture#emfai#EMFAISMS2024
Introducing Revfin’s #CommandCentre
I started my career as an analyst. Data analysis is a big part of who I am and therefore I’m thrilled that we are able to create a state of the art command centre through which we will
- #track and #monitor all the vehicles we have financed
- #forecast and improve #collections
- track and reduce #TAT for loan disbursements
- understand driver/driving behaviour
- understand vehicle performance
- Analyse #data, Generate #insights and Resolve issues; all in real time.
We have over 1 billion kilometers of #telematics data for 70,000 vehicles running across 600 towns. This data helps us forecast driver income, analyse vehicle performance and improve collections.
Over 50 million data points used for underwriting financially excluded, bottom of the pyramid customers.
Performance of over 30 brands of #electricvehicles including 2, 3 and 4 wheelers.
For greater adoption of electric vehicles, we will need to generate a lot of data about vehicle performance by vehicle type and end use case very very quickly. It is incumbent upon everyone in the ecosystem to collect, store, analyse and publish insights from this data to help each other.
I look forward to hosting #ev#sustainability enthusiasts at our command centre to share insights and help develop the EV #ecosystemPayal MainiMohit SinghalAyesha AgarwalDeepa Vegesina Monika Saxena Rachna Prasad Shaifali JhaAshish Pareek 9716055999 Purusharth Goel RevFin CapitalEMFAI
Our association meeting brought the EMFAI team together once again to address the challenges we are all facing in the EV industry. This collaboration is the best way to support our sector.
One of the most rewarding aspects of our discussions is the common ground we share; there's a sense of camaraderie rather than competition. The opportunities in this market are vast, and no single NBFC can tackle them alone. We actively help each other in numerous ways.
I encourage all NBFC's involved in the EV space to join us on this journey across India.
At EMFAI, we believe in the power of financial institutions to shape the future of electric mobility in India. By fostering collaboration across sectors, we are driving the transformation toward a cleaner, greener transportation system.
As part of the EMFAI Sustainable Mobility Summit 2024, we were thrilled to host a spotlight session with Mr. Sameer Aggarwal, President of EMFAI & Founder of Revfin, in conversation with Mr. Manoj Kohli, Former India Head of SoftBank and CEO of airtel.
Their dialogue covered the current state of electric mobility in India, highlighting the crucial role of financial innovation, technology, and policy in shaping the future of sustainable transport. Both leaders shared actionable insights on scaling EV adoption, breaking down barriers, and creating the right ecosystem for success.
This session is a powerful reminder of the vision, collaboration, and leadership needed to drive India’s electric mobility journey forward.
Stay tuned for more insights and takeaways from the summit as we continue to support India’s transition to a sustainable mobility future.
#SustainableMobility#EVRevolution#EMFAI#ElectricVehicles#DelhiTransport#GreenFuture#emfai#EMFAISMS2024