RevFin, India’s fastest-growing advanced digital consumer lending platform that underwrites financially excluded and underserved segments, celebrates the remarkable rise of women from Tier 2 and 3 cities in India who have demonstrated a strong interest in obtaining loans to fuel the EV revolution while embracing equity.
On Women’s Equality Day, we celebrate that women have the same earning potential as men and can break through any glass ceiling. Data from several states show that the EV industry’s proportion of talented and empowered women in Tier 2 and 3 markets is a promising 24%. Bihar and Uttar Pradesh led the pace, with more than 5200 women receiving loans.
On Women’s Equality Day, we celebrate that women have the same earning potential as men and can break through any glass ceiling. Data from several states show that the EV industry’s proportion of talented and empowered women in Tier 2 and 3 markets is a promising 24%. Bihar and Uttar Pradesh led the pace, with more than 5200 women receiving loans.
RevFin India
The RevFin report graphically depicts women’s empowerment through EV financing across multiple states. Uttarakhand has 550 women who have obtained loans, whereas Jharkhand has 362.
Priya Verma, a 32-year-old woman from Haridwar, has an incredible RevFin story. She was a security guard before taking control of her life during the shutdown by borrowing an E-rickshaw from RevFin. Priya now enjoys freedom, work-life balance, and higher living standards thanks to her consistent earnings of more than INR 20,000. It has enabled her to motivate other women to drive E-rickshaws, empowering them in the process.
“It’s commendable to witness the remarkable ascent of women hailing from tier 2 & 3 cities,” remarked Sameer Aggarwal, CEO and Founder of RevFin, in response to the findings. By embracing EV financing alternatives, they are no longer merely bread producers, but are also taking charge as household breadwinners. In their quest for empowerment, they have met specific challenges in obtaining loans. Our smooth loan process at Revfin serves as a beacon of hope, providing these remarkable women with the financial resources they need. We construct a path together that allows their potential to flourish and their families to thrive. Let us rejoice in their unyielding resolve as they shine brightly, illuminating a brighter tomorrow.”
RevFin’s financing solutions and unwavering focus have made it an industry pioneer.
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