• Rs 50L Loans for EV startups across India.
• Free Business Support including OEM tie-ups and dealership setup.
• 1,000 Entrepreneurs to be empowered in 2–3 years.

Credifin Limited, a listed NBFC on the Metropolitan Stock Exchange of India, has launched its new EV Startup Loans to finance individuals and businesses that want to start electric vehicle ventures. Through this program, entrepreneurs can get up to Rs 50 lakhs to start EV dealerships and allied ventures in India.

Based out of Jalandhar with its corporate headquarters in Delhi-NCR, Credifin intends to finance 1,000 EV entrepreneurs in the next 2–3 years using its reach across 200+ cities in 13 states. Apart from funding, the company will provide value-added services such as OEM tie-ups, trade financing against inventory, and end-customer financing products.

Entrepreneurs will also get exposure to Credifin's huge network of more than 100 OEM partners in the E-Rickshaw, L5, and EV 2-wheeler segments. Other assistance includes dealership setup support, business leads generation, manufacturer tie-ups, and vehicle registration free of cost.

We at Credifin believe in Building Bharat, and the simplest way to do so is to enable entrepreneurs with a conducive ecosystem," said Shalya Gupta, Credifin Limited CEO. "Our EV Startup Loan makes starting a business not just simple but sustainable too. With one of the strongest EV networks in the nation, we feel privileged to enable people to turn their aspirations into successful ventures.

Earlier named PHF Leasing Limited, Credifin was established in 1992 and has been a registered NBFC with RBI since 1998. Its current portfolio comprises secured MSME mortgage loans and EV financing. Over 700 professionals work for the company, which reported FY 2024–25 AUM of Rs 350.77 crore.