Financing India’s EV Revolution – Unlocking Capital to Accelerate Clean Mobility with Shoonya
India’s electric mobility transition is gathering pace, with electric vehicles (EVs) emerging as a cornerstone of the country’s sustainable development goals and the #ViksitBharat vision. However, financing remains a critical enabler—and one of the most pressing challenges—for accelerating EV adoption at scale.
A Changing Financial Landscape
While mainstream banks, NBFCs, and development finance institutions are increasingly introducing EV-focused products—such as green loans, leasing, and fleet-as-a-service—gaps persist. Concerns around credit risk, limited resale data, and lack of standardized financing frameworks continue to slow momentum, especially for small fleets and individual buyers. At the same time, innovative models and policy support are beginning to unlock new pathways for accessible, affordable capital.
The Road Ahead
As India eyes mass EV adoption across delivery, ride-hailing, and personal mobility, catalyzing finance is essential. The upcoming NITI Aayog-led Shoonya webinar, ‘Finance to Fast-Track: The Next Wave of India’s EV Revolution’, will bring together leaders from banking, development finance, and e-mobility to explore solutions, share emerging best practices, and chart a roadmap to scale capital flows across the ecosystem.
Date: 30th July 2025
Time: 12:00 p.m. – 01:00 p.m. IST
Panellists:
- Ms. Aparna Agrawal, Senior Vice President, DBS Bank
- Mr. Monish Bal Vohra, Chief Operating Officer, Revfin
- Ms. Nehal Gupta, Founder and Managing Director, AMU Leasing
- Dr. R K Singh, Chief General Manager and Vertical Head, Green Climate Finance Vertical, SIDBI
- Moderator: Ms. Riya Saxena, Senior Associate, RMI
Click here to learn more and register.
About Shoonya
The “Shoonya — Zero-Pollution Mobility” campaign promotes the use of EVs for urban deliveries and ride-hailing to help improve air quality in India. Shoonya, meaning “zero” in Sanskrit, implies the beginning and origination of possibilities. Inspired by this connotation, the Shoonya campaign is leading India’s transition to zero-emission vehicles through consumer awareness, industry engagement, and an impactful partnership with MyGov. In its first three years, the campaign has witnessed INR 935 crores in fuel savings, equivalent to planting 2.2 million trees.
