Revolt Intellicorp has raised Rs 150 crore from RattanIndia Enterprises Limited. RattanIndia Group will maintain an fairness share within the firm and Rajiv Rattan might be becoming a member of the corporate as a non-executive chairman on the board. Revolt which was based by Micromax co-founder Rahul Sharma has been dabbling in electrical motorbikes. Revolt’s bikes are extremely impressed by Shanghai-based Super Socco’s bikes. These bikes have clocked 18 million kilometres on the street and now with this funding Revolt will broaden its footprint pan Indian as nicely throughout South Asian markets.
“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 Revolt Motors to 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,” stated Rajiv Rattan, founder and chairman of RattanIndia Group.
Revolt has stated that it’s going to even be utilizing the capital to broaden its distributor and repair community to 35 cities. It may even leverage AI, permitting it to replace and supply a 100 per cent in-house developed product. This may very well be a touch at extra authentic designs than the Super Socco impressed ones.
“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,” stated Rahul Sharma, founding father of Revolt Intellicorp on the announcement.
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