NBFCs Make EV Financing Easier for Small Businesses

India’s shift to electric vehicles is picking up speed, and small businesses are leading the way. But getting the right financing can be a challenge. That’s where NBFCs step in—helping businesses switch to EVs with easy loans and flexible options.  From e-rickshaws to delivery fleets, these lenders are making sustainable mobility more accessible. With their support, small businesses can power the EV revolution without breaking the bank. 

Below are three NBFCs that make EV adoption smoother for small businesses:

1. Namdev Finvest

Focused on financing EVs for commercial use, Namdev Finvest is actively supporting small businesses and fleet operators by offering easy loan options for e-rickshaws, e-carts, and two-wheelers. With a strong presence in Tier 2 and Tier 3 cities, it helps entrepreneurs access credit without complex paperwork. By simplifying EV financing, Namdev Finvest is driving cleaner and more affordable mobility solutions.

2. Mufin Green Finance

A specialized NBFC in the EV space, Mufin Green Finance provides loans for electric vehicles, battery-swapping infrastructure, and charging stations, making it easier for small businesses to adopt sustainable mobility. It focuses on promoting green finance solutions that cater to last-mile delivery services and logistics. Their flexible loan structures help businesses transition to EVs without disrupting their cash flow.

3. Revfin

Revfin is a digital NBFC that offers financing solutions for EV buyers, particularly targeting gig workers, small fleet owners, and delivery partners who rely on electric mobility for their businesses. With AI-driven credit assessment, it enables borrowers with limited credit history to secure loans. By supporting micro-entrepreneurs, Revfin is making EV adoption more inclusive and widespread.