Micromax co-founder Rahul Sharma has finally dived into the Indian EV segment with the launch of a new venture- Revolt Intellicorp Pvt. Ltd.
The company is already aiming for double-digit growth and production for country’s first AI-enabled electric motorcycle is set to start at their Manesar plant. The electric motorcycle from the house of new venture Revolt Intellicorp will be launched by June 2019.
Started with Rahul’s personal investment, the company will be looking for its first investment soon, as growth capital.
Wholly-owned by Rahul Sharma, who is transitioning from mobiles to mobility, Revolt Intellicorp Pvt. Ltd. aims at making personal mobility practical, affordable and sustainable.
The manufacturing facility of Revolt Intellicorp Pvt. Ltd. in Manesar, Haryana spread across an area of over 100,000 square feet. The said production facility has a capacity of 1,20,000 vehicles commissioned for the Phase 1.
An experienced R&D team has been working for close to 2 years with a joint vision of introducing India’s first AI-enabled motorcycle said the company in a statement.
Talking about the new venture, Rahul Sharma, Founder, Revolt Intellicorp Pvt. Ltd. said “as a mechanical engineer by qualification, he always found mobility and the expanse of opportunities it offers, very intriguing. There is a colossal need for using technology to disrupt urban commute and make it cleaner and sustainable. He added that he is doing his my bit and feel this is the right time for every player operating in this space to come together for the greater good of our environment. My vision is to see every household in India have access to sustainable mobility.”
He added, “when it comes to electric two-wheelers, there are currently vehicles that are either underpowered or over-engineered and hence, it is important to bring in something that fits in between that is equal to or better than an IC engined bike. Revolt is currently looking to enter the auto industry as a whole and not an EV industry. Revolt kept some key things in mind while making its first electric motorcycle for India. First and foremost, the company has made sure that the e-bike is good looking and is high on performance.”
In order to prevent range anxiety among the customers, the first e-bike by Revolt will have a range of close to 150 km. When it comes to charging infrastructure, a whole ecosystem will be developed said the company. Also, it would be making multiple connected devices and not just electric two-wheelers
The company has hinted that its upcoming e-bike for India would be affordable as it would be a ‘right product that will matter to people’. The bike will be retailed through via both, online and dealership modes.
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