EVRise Finance caters to two types of customers: established businesses and individual drivers.
With the rapid rise of electric vehicle (EV) adoption in India and the national goal of reaching 30% penetration by 2030, we are witnessing the emergence of new business models and a growing shift among commercial vehicle owners from internal combustion engines (ICE) to EVs.
Despite this momentum, many customers in the nascent EV industry struggle to access credit from traditional lenders, who typically require long business vintage, large scale, and extensive financial documentation. These rigid requirements make it difficult for new-age businesses and first-time borrowers to secure the financing they need.
The EV sector, therefore, calls for a different approach to credit—one that focuses on tailored assessment models and flexibility in loan structures. Recognising this strategic shift in mobility.
EVRise Finance is enabling financing solutions that support new business models and drive the transition from ICE to EVs.
Broadly, EVRise Finance caters to two types of customers: established businesses and individual drivers.
On one hand, we support businesses already operating ICE fleets for captive use, as well as new ventures emerging from the EV opportunity—such as fleet operators working with e-commerce platforms, charging infrastructure providers, and battery operators.
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On the other hand, we empower individual drivers who are acquiring EVs for deployment in logistics or passenger mobility.
While the majority of financing to date has gone towards the purchase of new EVs, we are also seeing the rise of second-life vehicles in the market. EVRise is pioneering financing in this space as well, with support from OEMs through warranties and refurbishment programs.
To date, EVRise has enabled financing across leading OEMs in the two-wheeler, three-wheeler, and four-wheeler segments, as well as in the battery and charging ecosystem. Our customer base includes driver-cum-owners (DCOs), captive businesses, SMEs, fleet operators, charging point operators (CPOs), and battery operators.
As we look ahead, EVRise remains committed to expanding access to credit, enabling innovative business models, and accelerating India’s journey towards electric mobility.
