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Credifin Limited, a Metropolitan Stock Exchange of India-listed NBFC, has announced a new financial initiative aimed at empowering India’s growing electric vehicle (EV) sector. The company has introduced the "EV Startup Loans" product, designed to provide funding of up to ₹50 lakh per entrepreneur to individuals and companies looking to establish EV-related businesses.
Headquartered in Jalandhar with a corporate office in Delhi-NCR, Credifin plans to leverage its expansive presence across 200+ locations in 13 states to support 1,000 EV entrepreneurs over the next 2 to 3 years.
In addition to financial assistance, Credifin will offer value-added services such as OEM partnerships, trade advances for inventory procurement, and end-customer financing. Entrepreneurs availing the loans will gain access to Credifin's robust network of over 100 OEM partners in the E-Rickshaw, L5, and EV Two-Wheeler segments. The company will also provide free support in setting up dealerships, generating business leads, forming manufacturer partnerships, and completing vehicle registration processes.
“We are committed to Building Bharat, and the best way to do that is by creating an enabling environment for our entrepreneurs. The EV Startup Loan is designed to make business setup seamless while ensuring we support them throughout their journey—from inception to success. With one of the largest EV networks in the country, we believe the time is right to help individuals turn their business dreams into sustainable realities.”
Formerly known as PHF Leasing Limited, Credifin was incorporated in 1992 and has been a Reserve Bank of India-registered NBFC since 1998. Its current offerings include secured MSME mortgage loans and electric vehicle financing. The company employs over 700 people and reported an Assets Under Management (AUM) of ₹350.77 crore for the FY 2024–25.
