Credifin Limited (formerly PHF Leasing Limited), a listed NBFC on the Metropolitan Stock Exchange of India, headquartered in Jalandhar with its corporate office in Delhi-NCR, has announced the launch of a new financing product: EV StartUp Loans.
Designed to promote entrepreneurship and accelerate the adoption of electric vehicles across India, the EV StartUp Loans will be available to individuals and companies looking to establish EV dealerships or launch electric vehicle-related businesses.
Under this initiative, Credifin will offer loans of up to ₹50 lakhs to aspiring EV entrepreneurs. Based on business requirements and individual cases, the loan limit may be increased over time.
With a strong presence in over 200 locations across 13 states—and with ongoing expansion—Credifin aims to support 1,000 EV entrepreneurs over the next 2–3 years, helping build a cleaner, more sustainable mobility ecosystem.
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.
“We at Credifin are committed to Building Bharat and what better way to do this than to make sure that our entrepreneurs have an enabling environment. Our EV StartUp Loan is a product that makes sure that setting up a business is made as easy as possible and that we are with them all through, ensuring that they not just survive but thrive. We have today, one of the biggest EV networks and we believe that the time is ripe to use this network to help individuals realize their dreams of building successful businesses in a sustainable manner”, says Shalya Gupta, CEO, Credifin Limited.
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.
