RattanIndia the parent company of the RattanIndia Group, has announced the full acquisition of Revolt Motors, a manufacturer of electric vehicles.
Now Revolt Motors has become a 100 per cent subsidiary of RattanIndia Enterprises Ltd, the company said in a statement.
“RattanIndia Enterprises Limited has completed the acquisition of 100 per cent shareholding in the electric motorcycles market leader Revolt Motors,” the statement said. Revolt Motors is the highest-selling electric bike in the country with its manufacturing facility in Manesar, Haryana.
The EV maker has expanded its footprint pan-India with 30 dealerships spread across the country. Its flagship model RV400 has been witnessing a robust demand. It is the most technologically advanced bike in the world, and Company seeks to significantly scale up Revolt’s growth and make it the largest EV two-wheeler company in the country,
Anjali Rattan, Business Chairperson, RattanIndia Enterprises Ltd. said, “The country needs environmentally sustainable mobility solutions and Revolt will surely be a leader in this transformation. Revolt bikes run on 3.24 kWh lithium-ion batteries. With top speeds of 85 km/hr, the batteries with a single charge of 4 hours have a range of 150 km.” Company did not disclose any financial details of the deal.
