This deal not only broadens Revfin’s operational footprint but also reinforces Revfin’s commitment to expanding its mobility business vertical, with a strategic focus on driving EV adoption among fleet operators. 

Revfin has already established a significant presence in India with existing fleet partners like Shadowfax, Log9, Evera, and Shoffr currently operating under its portfolio, Revfin plans to double down on its business soon, further solidifying its position in the pan-India market. Till now, the company has financed 65,000 vehicles in the last six months, amounting to a loan value of ₹900 crores.

Commenting on this strategic move, Sameer Aggarwal, Founder & CEO of Revfin, said, “This marks a crucial step in strengthening our presence in the EV fleet sector. The SUN Mobility portfolio aligns perfectly with Revfin’s strategy, allowing us to double our two-wheeler portfolio and significantly expand our last-mile mobility. This takeover reinforces our market dominance. We are excited to expand our operational reach and contribute to the rapid adoption of sustainable mobility solutions in India.” He further added, “Revfin is thrilled to be a driving force in this transformation, and we remain committed to making EVs accessible to all.”

Adding to the significance of this partnership, Anant Badjatya, CEO of SUN Mobility, stated, “At SUN Mobility, we are committed to enabling sustainable mobility through innovative energy solutions. Our partnership with Revfin represents a shared vision of accelerating the transition to electric vehicles in India. By integrating our portfolio with Revfin’s financing capabilities, we are confident that this collaboration will drive substantial growth in EV adoption in India.”

Urban India is witnessing a rapid uptake in the adoption of eCommerce and quick-commerce services. However, last-mile deliveries account for about half of all eCommerce delivery-related emissions, and their annual CO2 footprint is expected to reach 8 million tonnes by 2030. Yulu’s clean last-mile delivery solutions are accelerating the sector’s decarbonisation and helping delivery brands to speedily achieve their sustainability goals.

In a short time, Yulu has made strong inroads in the sector with its purpose-built delivery EVs that prioritise safety, convenience, and higher earnings for delivery partners. This has been possible due to Yulu’s IoT-powered vehicle hardware, AI-based fleet management system, robust on-ground operations, and its industry-first pricing features like kilometre-based rental plans.

Yulu also helps delivery-based businesses like Swiggy, Zomato, Zepto, Blinkit and others to meet their fleet electrification goals, easily acquire new riders who don’t have their own vehicles, grow operations at scale and improve their efficiency through higher rider uptime. This has made Yulu the country’s leading delivery EV, powering four deliveries every second in its markets.

Yulu’s Co-founder and CEO Amit Gupta says, “The completion of 100 million green deliveries is a joyous moment, not only for Yulu but all our stakeholders – riders, citizens, authorities, customers and delivery companies. Making mobility better every day is a stated business principle at Yulu, and it translates into cleaner and more liveable cities. The latest milestone gets us closer to that goal. What’s equally gratifying is that in the process of getting here, Yulu has enabled 30-40% higher savings for delivery partners

(compared to petrol vehicles), supporting countless sustainable livelihoods across the country.”

He adds, “Our success is a testament to the credibility, trust and deep partnerships that Yulu has built with brands and cities. I thank all our stakeholders and investors for embracing Yulu’s reliable and cutting-edge EV platform and assure them that we will constantly keep innovating to cater to ever-changing cities and their needs.”

To date, Yulu has prevented over 25 million kilogrammes of CO2 emissions. Its high accessibility factor – Yulu’s shared EVs can be ridden without a driver’s licence – unlock employment and earning opportunities for aspiring gig workers. Since the company’s inception, Yulu has enabled tens of thousands of delivery executives to unlock work opportunities and maximise their incomes.

Established in 2007, NVS Travel Solutions today has a fleet of over 900 vehicles including buses, mini buses, and cars. Out of which company itself owns over 500 vehicles. Over the years the company is recognised as one of leading operators in employee and school transportation. The company also pioneered its own technology to track and manage its fleet. An in-house app Roorides made the complex system of school and employee transportation easier and provided better service experiences.

The introduction of electric buses for employee transportation is considered a unique one for the fact that the cost of each EV bus is 3-4 times higher than conventional diesel buses. So far only government bodies are operating EV buses for public transportation with an MoU with select EV bus manufacturers.

Speaking on the occasion Mr Nagaraj N.V., the CEO and founder of NVS Travel Solutions “There is no subsidy from the government on EV buses. Hence these buses costs exorbitant. No companies are willing to buy and operate them though they are environmentally conscious and willing to contribute for sustainable environment. There is demand for the EV buses for employee transportation. Because these buses costs 3-4 times higher than conventional buses, no private travel operators come forward to buy them. However, we have developed a business model that enables corporations and manufacturing companies to efficiently achieve their carbon footprint reduction goals.

“Our focus on employee transport safety led us to launch our successful Employee Transport Solution, which emphasizes reliability, safe transportation systems, and transparent pricing techniques, while providing significant cost savings. We offer various service options, including monthly contracts, hire basis, kilometre basis, trip basis, and head basis, all without compromising on the quality, safety, comfort, and convenience for schools & enterprises alike”, he added.

The EV bus fleet marks a significant step towards reducing carbon emissions and creating a cleaner, greener future. The successful launch of NVS Travels’ Employee Transport Operator-owned EV bus fleet sets a new benchmark in the corporate transport industry. NVS Travels continues to drive forward with its mission to provide reliable, cost-effective, and sustainable transport solutions, revolutionizing employee transportation in India.

To mark the occasion, NVS Travel Solutions today organised a panel discussion under the theme, “Green Wheels, Greener Future: Future of Mobility,” which highlighted the importance of electric vehicles in employee transportation. Suresh Chettiar, Executive Vice President-Eicher, Thejesvi Jeeveshwar, Head of Workspace and Facilities at Pocket FM, Arvind Narayan, Senior Director at JLL, Vishwanath Krishnamurthy, Head of Corporate Real estate & Facilities at Grant Thornton, Abhishek Prasad, Lead at Idealabs, JLL West Asia, Kritanjay Sharma, Product Line Manager at Ather Energy, Nagaraj, CEO at NVS Travel Solutions and Furqan Bhat, Research Scholar at IISc participated in the discussion.

The speakers stressed on the need for EV buses to facilitate last-mile mobility. The discussion reinforced the significance of sustainable mobility in the corporate sector.

“We believe in paving the way to a sustainable future. In our commitment to environmental sustainability, we use innovative alternative technology to significantly reduce carbon emission and provide cost effective solution for our customers in step towards Greener Future” said Suresh Chettiar, Executive Vice President, Eicher.

The Ampere Nexus comes in four attractive colors: Zanskar Aqua, Indian Red, Lunar White, and Steel Grey. This diverse color palette ensures riders have a spectrum of appealing choices to suit their preferences. High-performance and family-focused features redefine the electric scooter experience, providing unparalleled comfort, style, performance, intelligence, and safety.

Best-in-class hybrid swing arm with twin suspension

Best-in-class aerodynamics with unique air-cool architecture

4x stronger chassis with a load-stratified design enabled with Nex. Armor

7″ TFT Touchscreen with SmartSense technology and lightning fast boot time enabled with Nex.10

Safest LFP chemistry with 1.3 times more cycle life and fastest charging time of 3hr 22mins

Brightest in the category Diamond Cut Headlamps and Arctic Tern-inspired Taillamps

Functionally designed large seat with crafted lightweight aluminum grab handie

93 kmph top speed with five riding modes and 136 km certified range

Premium Seamless design without visible nuts and bolts

Mr K. Vijaya Kumar, Executive Director & CEO of Greaves Electric Mobility Private Limited, said, “The launch of Ampere Nexus high-speed electric scooter marks a momentous achievement in our commitment to sustainable transportation. This transition from leisurely to urban to high- speed models signifies a pivotal moment in our journey. With each stride forward in democratising e-mobility, we progress towards a more inclusive, sustainable future. The Ampere Nexus stands ready for those ready to Take Charge of their daily aspirations.”

Boasting a 3 kWh safest LFP battery with 30% extra battery life and a powerful mid-mount drive, this e-scooter delivers a seamless riding experience with its 4 kW peak motor power.

Our mission is to provide high-quality, reliable, and stylish electric vehicles that suit the needs and preferences of Indian consumers. We believe the future of mobility will be electric We are creating it here in Karnataka, for the World

We offer a range of models, from scooters and bikes, that have a mileage range from 50 km to 300 km. They are cheaper, cleaner, and quieter than petrol scooters. They also have many advanced features and technologies, such as smart batteries, fast charging, regenerative braking, and remote monitoring. We are also setting up our assembly plants in your district and in your state, to reduce the cost of transportation and offer you scooters at a lower price. We are requesting your support and cooperation to make our state the first in the country to go completely electric.

We believe, that by switching to electric vehicles, we can reduce our dependence on fossil fuels, lower our carbon footprint, save money on fuel and maintenance, and create new jobs and opportunities in the green sector. At SMOBILITY EV TECH, we are not just selling electric vehicles, we are creating a movement. A movement that empowers people to make a positive change in their lives and the world. A movement that drives us towards a cleaner, greener, and brighter future.

Join us today and be part of the electric revolution! #HarGharEV #SMobility

We are selling smobility slpro ex showroom price at 99999 thousand electric scooter for now 69999 for farmers us women’s Who ar working for cities for three use development also support Karnataka peoples Mr. Ranganatha G, MD said.

The Silicon Valley of India, Bengaluru, in recent times, has witnessed a notable paradigm shift in the perception of car ownership, particularly among the younger demographic. This transformative trend is attributed to the increasing choices available to consumers via streamlined and efficient platforms such as CARS24. The surge in used car transactions in the city reflects a shared understanding of the economic advantages, convenience, and accessibility that come with pre-owned vehicles.

Since its launch in Karnataka in 2015, starting with Bengaluru, CARS24 has swiftly expanded its presence and now serves customers in twelve (12) cities across the state. This presence has firmly established CARS24 as the preferred destination for both automobile enthusiasts and sellers alike, triggering a significant transformation in the pre-owned vehicle market.

“The substantial increase in used car sales is a promising indicator of Bengaluru’s dynamic automobile market.” noted GajendraJangid, Co-Founder of CARS24. “However, it signifies more than just a preference for pre-owned vehicles; it represents a broader shift in consumer mindset that is contributing to the reshaping of various sectors. This trend underscores a growing emphasis on practicality and cost-effectiveness, echoing a mindset that’s actively influencing the future direction of our economy.”

In a city renowned for its traffic challenges, CARS24 is committed to simplifying the car-buying process, delivering a hassle-free experience to Bengaluru’s residents. Furthermore, CARS24’s recent data offers valuable insights into Karnataka’s used car market, revealing unique customer preferences within Bengaluru, where models like the Maruti Suzuki Swift, Renault Kwid, and Hyundai i20 are particularly favored.

The data provides valuable insights into the thriving pre-owned car market in Karnataka, capturing the varied choices of customers across the state.

Hatchback Models: Swift, Baleno, i20, and Kwid Lead the Way as Top Choices in Bengaluru

Bengaluru’s car market is undergoing a notable transformation, with practicality becoming the key driver. Customers are broadening their choices, leading to increased demand for models like the Maruti Swift, Renault Kwid, Hyundai Elite i20 City, and Volkswagen Polo, departing from conventional preferences. This shift reflects the preferences of Bengaluru’s predominantly youthful buyer demographic, with the average age being under 35. They prioritize practicality for their daily commutes to work, college, and other engagements, seeking vehicles that offer reliability and comfort for their families. This growing trend emphasizes a practical approach in the car market, where functionality and value take precedence. 

Hatchback models have emerged as the preferred choice, not only for their affordability, with many priced under INR 6 lakhs but also for their efficient use of space and fuel economy, making them the perfect fit for the region’s urban landscape.

SUVs and Mini SUVs: Bengaluru’s New Found Love for Elevated Drives

As the Bengaluru car market continues its transformative journey, the rise of SUVs and Mini SUVs deserve a special mention too. These rugged, powerful and stylish vehicles are capturing the imagination of Bengaluru’s car enthusiasts. With their versatile designs and spacious interiors, SUVs are becoming the preferred choice for those seeking both city-friendly practicality and adventurous spirit. Hyundai Creta, MarutiBrezza, Mahindra XUV 700, Ford Ecosport are amongst the popular choices.

Mileage Remains the Top Concern for Bengaluru’s Car Buyers, Premium Features in Demand

While there’s a noticeable shift towards premium cars in Bengaluru, one crucial factor still dominates the minds of car buyers in the city: mileage. In the first half of 2023, prospective buyers in Bengaluru were consistently enquiring about the mileage and fuel efficiency of various cars, with this question cropping up every 2 minutes. The most frequently asked question remained, “what is the average of this car?”

Interestingly, alongside mileage, premium features like airbags, driver assist systems, autoplay music systems, large screens, sunroofs, and more gained popularity, indicating that Bengaluru’s car buyers are willing to invest in added comforts and advanced technologies. This is also another reason why CARS24 has noted a surge in the middle variant (VXI) of various cars experiencing a surge in sales. Another noteworthy shift in Bengaluru’s car market was the surge in people opting for cars in different colors, moving beyond the traditional white and gray choices. These trends are expected to grow as buyers seek not only efficiency but also enhanced driving experiences.

Car Financing Gains Ground in Bengaluru: Zero Down Payment Offers Convenience and Flexibility!

Car financing is becoming increasingly popular among Bengaluru’s car buyers, as more individuals opt for this convenient approach to own their desired vehicles. To enhance this appeal, CARS24 introduces a zero down payment choice, simplifying the purchasing process even further. In fact, the Bengaluru used market has recorded a 130 percent increase in cars financed in Bengaluru in the first half of 2023 in comparison to the same time last year. Data analysis highlights salaried professionals as the main group of loan applicants, with an average monthly installment (EMI) of ₹11,500 and a preferred 6-year financing period. This rising trend not only grants buyers more flexibility but also eases payment commitments, making car ownership more attainable and manageable.

The availability of financing options is driving more millennials to purchase cars, with a majority of buyers under 35 years old.

CARS24 Transforms Car Sales: People of Bengaluru Sold Cars Worth Around INR 500 Crores in April-June Quarter

CARS24’s data reveals a remarkable milestone in Bengaluru’s car market, with people from the state selling cars worth almost INR 500 crores on the platform in 2023 (till August). The current trend of replacing cars within a few years has significantly contributed to this exponential growth. This could be due to various factors such as changing preferences, the desire to own newer models with advanced features, or the availability of attractive financing options. As a result, more people are choosing to sell their used cars, creating a vibrant market for platforms like CARS24 that offer convenience, trust, and a streamlined selling process.

Fun Fact :  The maximum cars sold by the people of Bengaluru were also by Maruti, the most sold model? You guessed right- Maruti Swift

With a strong presence in more than 150 plus cities across India, CARS24 is playing a pivotal role in reshaping the future of car sales and ownership, as the automobile industry embraces emerging trends and technologies.

The IME Rapid’s exceptional achievement is made possible by MY EV Store’s proprietary Smart Range Technology (SRT), a game-changing advancement that recalibrates the boundaries of electric two-wheelers. SRT intelligently analyzes real-time data, incorporating factors such as battery status, weather conditions, traffic density, and driving patterns to provide highly accurate range predictions. This technological breakthrough eliminates range anxiety and champions the adoption of electric vehicles among customers, contributing to a greener and cleaner environment.

Mr. Puneeth Gowda, Founder and Managing Director of MY EV Store, stated, “The rising levels of air pollution in India demand urgent action, and electric vehicles offer the most viable solution. Nevertheless, apprehensions surrounding limited range have hindered mass EV adoption. With the IME Rapid, we have shattered this barrier and introduced a scooter that surpasses all previous benchmarks, making sustainable transportation not only viable but also convenient.”

The IME Rapid will initially launch in Bengaluru and subsequently extend its presence across Karnataka, redefining the dynamics of the electric vehicle industry in India. “The company is currently focusing on a Franchise Owned Company Operated (FOCO) model to launch in Bengaluru. We will soon be expanding our IME Rapid range in 15 to 20 cities across Karnataka,” said Gowda. In a country where vehicle emissions are a pressing concern, e-mobility solutions are the future. India is currently at the cusp of a changing EV ecosystem that holds the potential to revolutionize the future of road transport. As indicated by industry report by Redseer Strategy Consultants, India’s electric two-wheeler sales are projected to reach a staggering 22 million units by 2030. However, the prevailing issue of range anxiety remains a prominent obstacle for electric two-wheelers today, eroding consumer trust and consequently limiting the growth of the industry.

The IME Rapid’s launch could not be timelier to rebuild customer’s confidence in e-mobility solutions. MY EV Store envisions a future where electric mobility is embraced wholeheartedly. The IME Rapid, which will be initially launched in Bengaluru, will come in three distinct variants offering ranges of 100, 200, and the remarkable 300 kilometers. Powered by a 2000 W motor, and battery capacity of 60V- 26/52/72 AH respectively, the scooter achieves a top speed of 80 km/hr, ensuring both efficiency and performance.To further boost customer confidence, MY EV Store will offer warranty and easy spare parts availability across Bengaluru to facilitate hassle free servicing of vehicles for all customers.

As part of its commitment to accessibility, MY EV Store has partnered with prominent financial institutions, including Kotak Mahindra, Shriram Finance, and Manappuram Finance, to facilitate attractive, hassle-free and simplified financial schemes for customers. The IME Rapid variants, priced between Rs. 99,000 and Rs. 1.48 lakh, cater to diverse customer needs and preferences.
MY EV Store’s journey began in 2022 as a platform that sells multi-brands of electric vehicles. In just a short time, it has evolved into a prominent platform in Karnataka, boasting over 60 retail outlets across Bengaluru. The company has now taken a major leap by producing its own EV brand, IME Rapid, making a remarkable stride. With a clear vision to overcome challenges and an unwavering commitment to innovation, MY EV Store is shaping the future of sustainable mobility in the country. For bookings of IME Rapid Call -6366388014/15.

Series 9 by VST is “The Most Advanced Compact Range” with international design and technological integration to address the growing needs of farm mechanization in Orchard, Horticulture as well as Traditional Agriculture Crops and non- agriculture field. The Segment’s first features in the industry will make Series 9 as the right choice for aspiring Farmers.

VST’s new multiutility compact tractors have several firsts to their credit including an independent PTO, MID PTO, Reverse PTO, fully Synchromesh Gearbox, Electro-Hydraulic Controls (EHC), and Dual Track width Option with selective models. By adopting advanced technology, the new range provides increased comfort for the operator. The EHC feature enables the driver to control the implements with the touch of a button. Its narrowest track width with Dual options and short turning radius allows farmers to navigate narrow spaces easily while working with different crops, considerably increasing productivity and reducing crop damage.

VST’s feature-filled Series 9 tractor range comes with a state-of-the-art design and optimal dimensions making it the REAL LIGHT WEIGHT Tractor. Operating these tractors is very easy and hassle-free. The series is equipped with a best-in-Class Engine delivering best-in-class power, torque, and mileage.

The ergonomics of the new VST Series 9 Tractors include raised platform, a premium look, projector headlamps, a heat protector shield, a new-generation instrument cluster, deluxe seat, and a short turning radius. These versatile tractors are suitable for a wide range of applications and can be used with tillers, rotavators, MB plough, ridger, duck foot cultivators, sprayers, loaders, haulage, thresher, genset, and many more.

Talking about the launch, Antony Cherukara, CEO, VST Tillers Tractors Ltd said “VST’s compact tractor delivers best-in-class performance in the segment. The launch of the new Series 9 tractors is in line with VST’s commitment towards Farm Mechanization of multiple crops and enriching the lives of Indian farmers. With the Indian farming community embracing newer technologies, which are innovative and efficient, our Series 9 Range will be the most advanced and versatile tractor offering in its segment and is developed to deliver a winning formula of “Extra Power – Extra Saving- Extra Comfort” for better earnings for Indian farmers.

With this launch, we now have a complete range of compact tractors, and we are confident that these products will further cement our leadership position in the compact tractor market.

Progressing on the path of exponential growth by adopting a Fast & Future ready approach, a premium series of VST-Zetor will also be launched in the coming months to offer a wide range of products to the farmers and business associates.

The new facility will cater to the existing and potential customers in and around the city of Bengaluru and help establish TORK Motors’ footprint in the state. Customers will be able to get up-close with the KRATOS-R and gain an immersive experience of India’s first electric motorcycle through comprehensive test rides.

On this occasion, Kapil Shelke, Founder & CEO, TORK Motors, said, “We are delighted to open our first Experience Zone in Bengaluru. The city is hailed as the country’s ‘tech capital’ and is also a city of motorcyclists, making it a very significant market for us. The KRATOS-R salutes the spirit of this city by being completely designed and developed in India for Indian motorcyclists. Born with the intent of making the thrill of electric motorcycling accessible to a wide range of riders, it blends in cutting-edge technology and exhilarating performance at a very reasonable price point. We are confident that it will certainly excite the tech lovers and motorcycle enthusiasts in the city alike.”

TORK KRATOS-R is ready to set the streets of the city ablaze. The motorcycle has been a trendsetter since its launch and packs in striking design, punchy powertrain and a capable chassis. It is a premium commuter motorcycle that offers great performance and handling while attracting eyeballs for its sporty stance.

On the tech front, the motorcycle is equipped with a 4.0 kWH Li-ion battery pack (IP 67 rated) powering a 9kW ‘Axial Flux’ motor, which has recently been granted a patent, enabling it to develop a peak torque of 38Nm at 96% efficiency. Three ride modes – Eco, City & Sport, enable the riders to harness the potential of this package based on their riding styles. The IDC range is 180 km (in Eco mode) while the KRATOS-R is capable of reaching a top speed of 105 km/h (in Sport mode). It also gets a Reverse mode for added rider convenience.

Earlier this year, the KRATOS-R was refreshed with significant changes. The motorcycle now boasts a completely black motor and battery pack along with stylish decals for enhanced appeal and comes with a fast-charging port. The motorcycle is available in five trendy colours.

With EMI options starting as low as INR 2,999/-* a month, TORK Motors has collaborated with leading financial organizations to make the KRATOS-R accessible to all. Existing customers can also upgrade their current motorcycle by paying a differential amount. Consumers can book their KRATOS-R online by visiting the company’s official website at www.booking.torkmotors.com

Since its launch, the company has received an overwhelming response to this indigenously developed electric motorcycle through numerous bookings and the company aims to continue his momentum in Bengaluru.

*Subject to individual’s CIBIL score and finance offer’s availability in the city.