Micromax co-founder to develop an e-motorcycle with a 500 crore investment

libranof1987 · 27th March 2019, 14:58

While there is Ather for the moped/scooter class, looks like we may soon have some options in the e-motorcycle category. This is Rahul Sharma, one of Micromax's co-founders, latest venture.

Quote:

Sharma — for whom this is a solo venture sans his Micromax partners — is ploughing nearly Rs 500 crore of his wealth into the new venture.

The first product that the company plans to launch in a few months will be an electric motorcycle — with a range of 150 kms on a full charge, which intends to take on petrol-run products from conventional two-wheeler biggies such as Hero Moto, Bajaj Auto and TVS.

Quote:

The company will start sales around June-end and Delhi will be the first market.

https://timesofindia.indiatimes.com/...w/68589357.cms

GTO · 28th March 2019, 17:49

Elon Musk in the USA & Ather in India clearly paved the way for a lot of entrepreneurs. Many startups sprang up and, as always, venture capital funding followed.

Just wondering on the thought process. Sooner or later, the established manufacturers are also going to offer electric motorcycles & scooters. What incentive would there be for anyone to go for a product from a new / lesser known brand? Similarly, I think Tesla's run is also going to get challenging once the top 10 car manufacturers have a line-up of EVs in their showrooms.

Ather was smart. They knew this and hence, brought onboard Hero Motors as an investor.

TusharK · 6th April 2019, 17:25

Micromax co-founder launches AI-enabled EV bike brand

Micromax co-founder Rahul Sharma has launched a new venture called Revolt Intellicorp Pvt. Ltd., which is working on an AI-enabled electric motorcycle. The bike is expected to be launched in June 2019.

Micromax co-founder to develop an e-motorcycle with a 500 crore investment-image003.jpg

Revolt Intellicorp has set up its headquarters in Gurgaon and has a manufacturing facility in Manesar. The factory is spread over 1,00,000 sq. ft. and has a production capacity of 1,20,000 units in Phase 1. The company has also employed an R&D team, that is claimed to have been working on the project for the last 2 years. Production is already underway.

Revolt is aiming to achieve a double digit market share. While the company did not reveal any technical details about the product, it hopes to make personal mobility more practical, affordable and sustainable.

Link to Team-BHP News

28th March 2019, 17:49	#2
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,633 Thanked: 301,838 Times View My Garage	re: Micromax co-founder to develop an e-motorcycle with a 500 crore investment Elon Musk in the USA & Ather in India clearly paved the way for a lot of entrepreneurs. Many startups sprang up and, as always, venture capital funding followed. Just wondering on the thought process. Sooner or later, the established manufacturers are also going to offer electric motorcycles & scooters. What incentive would there be for anyone to go for a product from a new / lesser known brand? Similarly, I think Tesla's run is also going to get challenging once the top 10 car manufacturers have a line-up of EVs in their showrooms. Ather was smart. They knew this and hence, brought onboard Hero Motors as an investor.
	(6) Thanks

6th April 2019, 17:25	#3
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,329 Thanked: 56,336 Times	Re: Micromax co-founder to develop an e-motorcycle with a 500 crore investment Micromax co-founder launches AI-enabled EV bike brand Micromax co-founder Rahul Sharma has launched a new venture called Revolt Intellicorp Pvt. Ltd., which is working on an AI-enabled electric motorcycle. The bike is expected to be launched in June 2019. Revolt Intellicorp has set up its headquarters in Gurgaon and has a manufacturing facility in Manesar. The factory is spread over 1,00,000 sq. ft. and has a production capacity of 1,20,000 units in Phase 1. The company has also employed an R&D team, that is claimed to have been working on the project for the last 2 years. Production is already underway. Revolt is aiming to achieve a double digit market share. While the company did not reveal any technical details about the product, it hopes to make personal mobility more practical, affordable and sustainable. Link to Team-BHP News
	(2) Thanks