Revamp Moto raises INR 1 Cr at Shark Tank India
Nashik based Revamp Moto presented its Modular Utility Electric Vehicles the Revamp Mitra and the RM25 on Shark Tank India The post Revamp Moto raises INR 1 Cr at Shark Tank India appeared first on EVreporter.
Nashik based Revamp Moto presented its Modular Utility Electric Vehicles the Revamp Mitra and the RM25 on Shark Tank India and managed to raise INR 1 Cr on the show. Revamp Moto is an EV startup founded by Jayesh Sahebrao Tope, Pritesh Prakash Mahajan and Pushkaraj Narendra Salunke.
The investment was raised from Aman Gupta, Co-Founder, boAt and Anupam Mittal, Founder & CEO of People Group. Anupam is also an investor in bike taxi service company, Rapido.
These electric bikes allow small-time vendors as well as e-commerce giants to deliver and sell their products within an affordable budget.
About the e-bikes
- Load Capacity
- Top Speed
- 140 kms
- 200 kgs
- 65 kmph
- Customisable with panniers, siderack, backseat, delivery basket, food box, modular shop, folding table to display products like farm produce, consumables, mobile fridge for milk or vaccine delivery and front rack for baggage handling.
- 70 kms
- 120 kgs
- 25 kmph
- Customizable with a back rack, base plate, food box, panniers, delivery cage
The price range of the e-bikes is yet to be announced. A company statement said Revamp Moto will be eligible for FAME subsidies and can pass on the cost benefit to its customers. The start-up said it has already received orders from multiple brands in India and is targeting manufacturing 10,000 units this year.
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The post Revamp Moto raises INR 1 Cr at Shark Tank India appeared first on EVreporter.