RevFin will be investing $15 million on upcoming electric vehicles embedded with IoT solutions powered by the Aeris Asset Assurance Platform
Delhi-based fintech company RevFin has entered into a strategic partnership with Aeris Communications, India, an Internet of Things (IoT) technology partner for enterprises to build IoT- enabled electric vehicles, with an investment of $15 million from RevFin.
“As part of this association, over the next 4 years, RevFin will be investing $ 15 million on upcoming electric vehicles embedded with IoT solutions powered by the Aeris Asset Assurance Platform,” the company said.
Aeris is a full-stack IoT technology enabler for automotive OEMs. Its connected technology for vehicles provides a comprehensive solution for an enhanced customer relationship, safety and security and infotainment.
Aeris has created an IoT ecosystem to empower organisations in optimising human intervention and attain real-time remote monitoring of machines, equipment, and other assets along with predictive and preventive maintenance of various products and assets within enterprises.
Sameer Aggarwal, founder of RevFin, said, “The EV industry in India is undergoing a large-scale adoption driven by low running cost, increase in demand for first and last-mile connectivity and to achieve carbon neutrality. The use of disruptive and innovative technologies like IoT will accelerate the mass adoption of EVs while protecting the interests of buyers, insurers and lenders.”
“We have joined forces with Aeris with a vision to create an integrated EV lending platform with embedded IoT to help drivers in improving their income, ensure better EMI repayment, and reduce their insurance claims, thereby enhancing the customer experience which would eventually help in growing the EV industry successfully in India,” he added.
So far, Revfin has invested in the IoT-connected technology for EVs in UP, Bihar, Uttrakhand, Haryana, Punjab, Tripura, and Jharkhand, the release added.
