RattanIndia Enterprises Limited has completed acquisition of 100% shareholding in the electric motorcycles market leader Revolt Motors. Henceforth, Revolt Motors will be 100% wholly owned subsidiary of RattanIndia Enterprises Ltd.
Revolt Motors is the highest selling electric bike in the country with its manufacturing facility in Manesar, Haryana. Revolt Motors has expanded its footprint pan-India with 30 dealerships spread across the country, the statement said.
With this 100% acquisition of Revolt Motors, RattanIndia Enterprises seeks to significantly scale up Revolt’s growth and make it the largest EV two wheeler company in the country. Revolt Motors flagship model RV400 has been witnessing a robust demand and is by far the most technologically advanced bike in the world. These AI-enabled electric motorcycles capture millions of data points per second over-the-air to deliver great driving experience to the riders. Revolt bikes also known for their superior build quality have already completed over 20 crore kms on Indian roads, the statement said.
On completion of transaction, 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. We are very excited and fully geared up to make Revolt the largest EV motorcycle company in the country.”
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