IIT-Madras-incubated Revoh Innovations, an EV sub-components manufacturing company, announced that it has successfully raised $425K in seed round from Nexzu Technologies and Whiteboard Capital.
With the new round of funds, Revoh plans to expand the team size and focus on developing specific products that cater to the current needs of the Indian electric vehicle market. The funds will be utilised to manufacture products with higher power specifications while simultaneously enhancing the existing products by incorporating advanced features, the statement said.
Previously, in round seed A, Revoh received funding from angel investors, and, at present, the company in round seed B, the company has raised $425k. Team Revoh proudly says that the firm has been consistent with the goals, and now, as expected, the seed B has provided generous amount to keep the streak and preset goals going.
Revoh Innovations is an EV sub-component manufacturing company, developing technology solutions for motor controllers to enhance the efficiency of two-wheeler/ three-wheeler EV vehicles. Its commitment to cutting-edge research methodologies and production techniques enables it to deliver the most efficient EV controllers as compared to its other indigenously designed and developed counterparts. Revoh, is on a mission to revolutionize the Indian EV sector by reducing the market’s reliance on overseas subcomponents and products. The company has around 75 clients worldwide, ranging from multinational corporations to startups, according to the statement.
Commenting on the same, Vignesh Durai, CEO, Revoh Innovations said, “Revoh’s growth has been exceptional, particularly in the last two years. Our clients love the product quality and the unique customization we offer. The funding that we have received goes into the expansion of the company and recruiting special talents that can provide superior skills and extraordinary workmanship. Further, we are also planning to venturing into high-power controllers segment soon.”
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