This loan will promote entrepreneurship through setting up EV businesses
Targets 1000 EV Entrepreneurs in next 2-3 years
Credifin Limited (earlier PHF Leasing Limited), a Metropolitan Stock Exchange of India listed, NBFC, headquartered in Jalandhar with its Corporate Office in Delhi-NCR, announced the launch of its new product: EV Startup Loans. This product will promote entrepreneurship through EV business and deployment of active vehicles throughout the country. The EV Startup Loans will be available to any individual or company that wants to start a dealership or electric vehicle related business.
Key Features of the EV Startup Loan Product:
- Loan Amount: Up to ₹50 Lakhs initially, with the possibility of an increase based on specific needs and case evaluations.
- Eligibility: Open to individuals and companies interested in launching a dealership or starting an EV-related business.
- Target: Credifin aims to support 1,000 EV entrepreneurs over the next 2–3 years.
- With an operational presence in over 200 locations across 13 states, Credifin is rapidly expanding to meet the growing demand in the EV sector.
Under the EV StartUp Loans product, Credifin will provide the EV Entrepreneur loans up to Rs. Fifty Lakhs to begin with. On a need and case to case basis the loan amount can be increased going forward. With presence in over 200 locations in 13 states and expanding rapidly, Credifin is targeting 1000 EV Entrepreneurs in the next 2-3 years
Credifin has over 100 existing OEM partnerships across E-Rickshaw, L5 and EV 2 Wheeler Segment and will help the entrepreneur lendee with not just the financing but also facilitate tie ups with reputed manufacturers for setting up of the new dealership, at no cost. In addition, under the scheme, Credifin will also provide trade advance for the dealership to acquire the vehicles to be sold by them. Credifin will also offer financing of the vehicles to the end customer.
Credifin will help create EV entrepreneurs by creating an ecosystem where Credifin team will provide an end-to-end solution to the Entrepreneur. Whether it is setting up of the business, dealership, getting business leads, partnerships or help with local authorities for registration of the vehicles, Credifin’s team can assist the entrepreneurs and hand-hold them all the way.
Leadership Vision
“We at Credifin are committed to Building Bharat—and what better way to do this than by creating an enabling environment for our entrepreneurs. Our EV Startup Loan product simplifies the process of launching a business and ensures ongoing support for sustained success. With one of India’s largest EV networks, we are ready to help individuals build profitable and sustainable ventures,”
— Shalya Gupta, CEO, Credifin Limited
Leveraging Credifin’s Network
In addition, since Credifin also generates its own leads, the dealerships will be able to sell more vehicles, not by just their own efforts, but leveraging Credifin’s network and marketing efforts, as well.
