REVOLT MOTORS CASE STUDY
REVOLT MOTORS CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR
Founder: Rahul Sharma(Co-founder of Micromax)
REVOLT MOTORS BUSINESS MODEL
Gurugram based startup Revolt Motors is an automotive company, that manufactures India’s first AI-Enabled Electric Motorcycle.
STORY BEHIND THE IDEA REVOLT MOTORS
As Rahul Sharma said,
Today I want to buy an electric car for myself but there is no good electric car in the market apart from Hyundai Kona. The same story for electric motorcycles, there’s no good product in the market that I can buy. I think it was more of a question of manufacturers making the right product than people accepting EVs. If you make the right product, there are plenty of people who will come and buy an EV. This is a window of opportunity to disrupt this industry. There has been no disruption in the Indian auto industry in the last 30 years.
My Revolt Plan
There are two bikes available :
The RV300, which is the company’s entry-level offering, will be available at a monthly charge of Rs 2,999 per month.
The RV400 will come with two plans- Rs 3,499 per month and Rs 3,999 per month.
The battery can charge from 0-100% within 4.5 Hours.
The batteries have been certified as waterproof, damage proof, shockproof, and all-weather friendly according to ARAI standards.
80km/h of top speed with an incredible Torque.
150 kms per full charge.
Charge the Rv400’s battery like a phone, switch them at our Revolt switch stations and when a dead battery gets you grounded, just send us an SOS battery request.
There are 3 modes:-
Economy mode: it gives around 150 kms of range.
City mode: it will give 120 kms of range.
Sports mode: it will give you 80 km depending on how you ride.
– Mobile connectivity.
– AI-Enabled Motorcycle.
– You can change your motorcycle’s sound in four-mode, Revolt, Rebel, Roar, and Rage. or No sound at all.
– Geo-Fence your Motorcycle(the bike will not go beyond a specified range)
– You can locate your bikes by Revolt App.
– You can Switch your motorcycle battery for fresh one.
FOUNDER: Rahul Sharma
HEADQUARTERS: Gurugram, Haryana
ESTIMATED ANNUAL REVENUE: $2.8M
INVESTMENT: Rs 400-500 crore.
Industry Sector: Electric Vehicle
AVAILABLE IN CITIES: Delhi, Pune, Ahmedabad, Chennai, Hyderabad.
Ather 450X, TVS iQube Electric, and the Bajaj Chetak electric.
Thanks for reading
REVOLT MOTORS COMPANY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR