Revolt to use Rs 150 crore investment to expand into 35 cities

    Revolt says the investment by RattanIndia Enterprises will enable it to expand its reach in India as well as South Asian markets.

    Published On Apr 29, 2021 12:35:00 PM

    40,912 Views

    Revolt to use Rs 150 crore investment to expand into 35 cities

    Gurgaon-headquartered Revolt Intellicorp has raised Rs 150 crore from RattanIndia Enterprises, which the company says will enable it to expand its reach in India as well as South Asian markets.

    • Rattan India Enterprises will hold an equity share in Revolt

    • Revolts to work on expanding into 35 cities

    As part of the deal, Rattan India Enterprises will hold an equity share in Revolt and Rajiv Rattan will join as non-executive chairman of the board of the company. Revolt Intellicorp says its electric motorcycles have clocked over 18 million kilometres on road and processed 329 million data records till date.

    Commenting on the investment, Rajiv Rattan, founder and chairman, 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.”

    The EV maker says it will deploy the fresh capital to expand the distributor and service network across India to 35 cities. In addition, the company will be leveraging AI to upscale and provide an in-house developed, contactless experience for its customers.

    Rahul Sharma, founder, Revolt Intellicorp 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, 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.”

    Also see:

    Revolt RV 400 review, test ride

    Revolt Bikes

    Copyright (c) Autocar Professional. All rights reserved.

    Comments

    ×
    img

    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now

    Search By Bike Price

    Poll of the month

    At Rs 1.85 lakh, the Bajaj Pulsar NS400Z is the most affordable 40hp bike in India. Would you pick it over similarly priced bikes with less power and features?

    Yes, 40hp at this price is unheard of!

     

    47.33%

    No, it's a decade-old bike in a revamped suit.

     

    23.63%

    Great value but doesn't look unique enough.

     

    29.04%

    Total Votes : 1274
    Sign up for our newsletter

    Get all the latest updates from the automobile universe