In a trailblazing initiative that’s redefining gender roles and driving equity, RevFin Services is celebrating the groundbreaking success of over 5500 women E-rickshaw drivers from Bihar and Uttar Pradesh who have shattered stereotypes and embraced the electric vehicle (EV) revolution.
Women in Tier 2 and 3 Cities Embrace EV Revolution
As part of its steadfast commitment to diversity and gender empowerment, RevFin has been offering pioneering financial solutions that are transforming the landscape of women’s participation in India’s electric vehicle industry. Currently, a notable 24% representation of women in the EV industry is emerging from Tier 2 and 3 markets across the country. Bihar and Uttar Pradesh, in particular, are leading the charge with an impressive number of more than 5500 women availing EV loans.
Empowerment Across States: Stories that Inspire
RevFin’s report is a testament to women’s empowerment across various states. Examples like Uttarakhand, with 550 women securing loans, and Jharkhand, with 362, underscore the positive impact of EV financing in elevating the status of women and enabling them to explore new opportunities.
The Story of Priya Verma
Among the many inspiring stories, one that stands out is that of Priya Verma, a 32-year-old resident of Haridwar. A former security guard, Priya’s life took a transformative turn during the lockdown when she secured an E-rickshaw loan from RevFin. With consistent earnings exceeding INR 20,000, Priya now enjoys a better work-life balance and an improved standard of living. Her success has not only transformed her life but also inspired other women to consider E-rickshaw driving as a means of empowerment.
Official Statement
Sameer Aggarwal, CEO and Founder of RevFin, shared his perspective on this remarkable endeavor, stating, “It’s truly commendable to witness the incredible rise of women from tier 2 and 3 cities. By embracing EV financing opportunities, they are rewriting traditional gender roles and stepping into the role of primary breadwinners for their families. However, they have encountered unique challenges in accessing loans. At RevFin, our streamlined loan process stands as a pillar of support, providing these remarkable women with the financial resources they deserve. Together, we are forging a path where their potential can thrive and their families can flourish. Let us celebrate their unwavering determination as they shine bright, illuminating a promising future.”