An electric-two wheeler maker, Revolt Intellicorp, Pvt. Ltd., has reportedly declared securing Rs 150 crore financing from RattanIndia Enterprises Limited. As a part of the latest deal, Rattan India Enterprises would be holding an equity stake in the organization with Rajiv Rattan joining as a non-executive chairman of the panel.
Reports suggest that Revolt will leverage this alliance to expand its footprint across Indian as well as South Asian markets. In fact, the deal is touted to be RattanIndia Enterprises’ very first financing in an Indian startup which is focused on clean, ecofriendly, and smart transportation.
As per credible reports, Revolt Motors will deploy the fresh capital to expand the service and distributor network across the nation. Besides, the firm would also be making use of AI to upscale and offer a 100% in-house developed, world-class experience for the customers.
While speaking on the latest announcement, Founder of Revolt Intellicorp, Rahul Sharma quoted that the firm is determined at delivering better and safer e-mobility solutions to its customers. Also, despite the ongoing COVID-19 pandemic challenges, Revolt Motors has emerged as a global powerhouse bolstering its presence to 6 cities in the Indian sub-continent.
Mr. Sharma further mentioned that Revolt’s partnership with RattanIndia complements the former’s vision to provide eco-friendly transportation solutions, in line with expanding its reach to a large customer base across top 35 cities of India.
Meanwhile, Rajiv Rattan, Chairman and Founder of RattanIndia Group, exclaimed that the firm is thrilled to partner with Revolt Intellicorp and be a part of e-mobility shift that is poised to be at the forefront of the country’s green revolution.
Rajiv added that the brand is upbeat about the foreseeable future of the sector as well as the product developments and innovations that have been a part of Revolt Motors to date. Furthermore, it was also mentioned that with this novel venture, the brand hopes to be a part of the massification of eco-friendly, clean, and smart transportation for commuters in the nation.