Revolt Intellicorp has secured Rs. 150 crore as a fresh round of investment from Rattan India Enterprises. The brand aims to expand to 35 cities in India and other South Asian geographies.
As part of the inked 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.
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.”
Revolt will harness the capital infusion to expand the existing distributor and service network across India to 35 cities. Further, the EV maker will leverage AI to upscale and provide a 100 per cent in-house developed, contactless experience for all customers.
Commenting on the investment, Rajiv Rattan, founder and chairman, Rattan India 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 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.”