With the new investments in place, Revolt India seems to have plans for extensive expansion
Electric vehicle manufacturer Revolt Intellicorp Pvt Ltd has raised a massive 150 crore investment from RattanIndia Enterprises. The brand hopes to have tremsndous expansion and growth with the new-found capital. Rattan India will now hold substantial equity in Revolt and its captain Rajiv Rattan would assume role as a non-executive chairman of Revolt India’s board.
Revolt plans to utilize the investment for expanding its reach. The Gurugram-based EV maker had started their ops locally and by August 2020, had expanded to a total of 6 dealer facilities in the country. With the fresh capital in place, they plan to expand their reach to 35 cities, pan India. The manufacturer also plans to leverage AI, and upscale, and provide a 100% in-house developed, contactless experience for its buyers in the future. It also has plans of doing extensive research and innovations in the EV space.
Current Portfolio: RV400 and RV300
The present portfolio of Revolt India has two highly appreciated models- the RV300 and RV400. Both of these are electric motorcycles. Revolt had started its business with electric motorcycles, at a time when other EV brands were all offering electric scooters alone. Revolt RV400 was launched in August 2019, and comes in two different variants priced at INR 1.03 lakh and INR 1.19 lakh respectively. It gets powered by a 3 kW motor mated to a 72V Li-ion battery pack and has a top speed of 85km/h. The RV400 has a range of 150 kilometers as well.
The Revolt RV300 is a more affordable offering with decent specs. It gets a 2.7 kWh battery pack and has a range of 80 km and a top speed of 65kmph. The RV300 also offers a removable battery pack and is priced at around INR 95,000.