Revfin, Bluwheelz, Kalyani Powertrain Join Forces for Retrofitted E-Trucks

Revfin, India’s leading digital lending platform championing sustainable mobility, has forged strategic partnerships with Kalyani Powertrain Ltd (KPTL), the electric mobility division of Bharat Forge Ltd, and Bluwheelz, a provider of green logistical solutions. This collaboration aims to revolutionize India’s logistics sector by introducing retrofitted electric trucks, aligning with Revfin’s mission to transform the EV ecosystem and promote sustainable transportation.

In a pioneering move, KPTL has secured approval for retrofitted electric trucks in the 10-16T GVW category for the N3 Goods Carrier segment. These retrofitted trucks are designed to cater to various industries, including FMCG, e-commerce, cement, steel, and perishables, offering ‘Made in India’ solutions to the global automobile market.

Revfin, to promote sustainable mobility, has designed innovative financing options that aim to support the full conversion of truck fleets from traditional combustion engines to electric vehicles within the next half-decade. By capitalizing on government incentives and forging partnerships with original equipment manufacturers (OEMs) and fleet operators, Revfin aspires to provide a smooth, hassle-free transition to eco-friendly transportation. This initiative is set to revolutionize the commercial vehicle industry, reducing greenhouse gas emissions and contributing to a greener, cleaner planet.

The retrofitting of electric vehicles (EVs) plays a crucial role in developing urban transport and contributing to the creation of sustainable and smart cities. As global efforts to combat climate change and reduce vehicle emissions intensify, retrofitting represents a practical step towards a fully electric future. This approach extends the lifespan of older vehicles by five to seven years, helping them avoid regulatory phaseouts while reducing their environmental impact.

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Revfin’s financial solutions are designed to address the challenges associated with the upfront costs of electric vehicles, making the transition more accessible and affordable for fleet operators. By providing tailored financing options and leveraging government incentives, Revfin aims to accelerate the adoption of electric trucks across the logistics sector.

This initiative underscores Revfin’s commitment to driving sustainable change within the transportation industry. By collaborating with industry leaders like KPTL and Bluwheelz, Revfin is paving the way for a greener future, where efficient and eco-friendly logistics solutions become the norm, contributing to India’s efforts in mitigating the impacts of climate change and promoting environmental sustainability.

Source By:- https://auto.economictimes.indiatimes.com/