Revolt expansion plans include moving to new cities to find fresh customer set. It also intends to offer contactless experience to buyers…
Revolt Intellicorp currently offers two electric motorcycles RV300 and RV400 in India. It has expanded its presence in 6 cities and intends to be the forerunner in this electric mobility space.
It has received a fresh round of funding of Rs 150 crores from RattanIndia Enterprises. As a part of the deal, the investment company will hold an equity share in Revolt and Rajiv Rattan has joined as non-executive chairman on the board of Revolt. This is RattanIndia’s first investment in an Indian eco-friendly transportation start-up.
Revolt says it will utilize this money to spread its presence in 35 cities across India. The company also says that it will leverage AI and try to offer world-class contactless experience to its customers.
On this occasion Rahul Sharma, Founder Revolt said,
At Revolt Intellicorp, we are determined at providing better and safer e-mobility solutions to our customers. Despite challenges brought by the pandemic, Revolt Motors has emerged as a global powerhouse expanding its footprint to 6 cities across India. Our partnership with RattanIndia Enterprises Ltd., complements our vision to offer eco-friendly transportation solutions as well as expand our reach to a larger base of customers across top 35 Indian cities.
On joining hands, Rajiv Rattan, Founder and Chairman of RattanIndia Group said,
We are very excited to join hands with Revolt Intellicorp and be a part of the electric mobility shift which is undoubtedly poised to be at the forefront of India’s green revolution. We are upbeat about the future of the sector as well as the product innovations that have come from the Revolt Motors till date; with this endeavour we hope to be a part of the massification of smart, clean and eco-friendly transportation for commuters across the country.