mr sameer aggarwal founder and ceo of revfinnew delhi revfin an advanced digital consumer lending platform underwriting financially excluded and underserved segments has entered into a strategic partnership with aeris communications india a preferred internet of things iot technology partner for enterprisesas part of this association over the next 4 years revfin will be investing usd 15 million on upcoming electric vehicles evs embedded with iot solutions powered by the aeris asset assurance platform a company press release saidaeris is a fullstack 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 a unique iot ecosystem to empower organizations in optimizing human intervention and attain realtime remote monitoring of machines equipment and other assets along with predictive and preventive maintenance of various products and assets within enterprises the release added advt for electric vehicles embedded iot devices can augment four key areas the first is improvement in driver performance by measuring driver behaviour like speed acceleration driving range and other such parameters drivers can be provided realtime tips and comparisons with other drivers to improve their performance hence increasing their overall earnings the second area is vehicle safety and security through realtime tracking remote immobilization and geofencing vehicles can be kept safe from theft this helps reduce insurance premiums as wellthe third area of improvement is around vehicle standards by looking at vehicle performance data like range per charge change in range per charge over a period of time vehicle utilization differences in performance based on geography age and weather conditions vehicle and battery oems can make effective changes to their productswe 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 indiasameer aggarwal founder of revfinfinally one of the biggest benefits of aeris connected technology is early warning triggers for loan repayments a vehicle that is underutilized or road unworthy is likely to lead to a default in loan repayments a vehicle with limited range or long charge time would also mean lower income for the drivers reducing their capacity to repay loans advt sameer aggarwal founder of revfin said the ev industry in india is undergoing a largescale adoption driven by low running cost increase in demand for first and lastmile 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