RattanIndia Enterprises Limited has completed the acquisition of electric motorcycle manufacturer Revolt Motors, the company announced in a regulatory filing. Founded by Rahul Sharma, co-founder of Micromax mobiles, Revolt Motors is the largest e-bike manufacturer in the country. It has more than 30 dealers and a manufacturing plant in Manesar, Haryana.
RattanIndia Enterprises now owns 100% of Revolt Motors and says it aims to significantly expand the growth of the two-wheeler company in the coming years. The manufacturer is currently retailing the RV400 electric motorcycle, which is equipped with artificial intelligence technology and over-the-air updates. Revolt says its electric motorcycles have driven more than 200 million kilometers on Indian roads.
Also read: Oben Rorr vs Revolt RV400 vs Tork Kratos R: Price, features, range comparison
Commenting on the closing of the deal, Anjali Rattan, Commercial Chairman, RattanIndia Enterprises, said: “The country needs environmentally sustainable mobility solutions and Revolt is poised to be a leader in this transformation. We are very excited and well prepared, Making Revolt the largest electric motorcycle company in the United States.”
The Revolt RV400 promises a significantly lower cost of ownership than comparable gasoline-powered commuter motorcycles. It is equipped with a 3.24 kWh lithium-ion battery that provides a range of 150 km on a single charge and can reach a top speed of 85 km/h. The battery can be fully charged in four hours.
Launched in 2019, the RV400 has a first-mover advantage in the electric motorcycle segment. Electric motorcycles haven’t been fully updated since their inception. With the acquisition, RattanIndia said it aims to create an eco-friendly, sustainable ecosystem and help accelerate the adoption of electric vehicles in the country.
First published date: Jan 14, 2023 at 20:06 PM CST
https://auto.hindustantimes.com/auto/electric-vehicles/rattanindia-enterprises-completes-acquisition-of-e-bike-maker-revolt-motors-41673706616535.html