 "Revolt Motors")
Revolt Motors (Supply: Twitter Deal with)
Haryana-based Revolt Motors on Tuesday launched its first electrical bike (e-motorcycle) within the commuter phase, the RV1, priced at an introductory Rs 84,990. The launch follows electrical scooter market chief Ola Electrical’s unveiling of its Roadster collection e-bike final month, which begins at Rs 74,999. Each firms have undercut the earlier lowest worth within the class, which stood at Rs 1,10,000.
Revolt Motors additionally launched a premium variant, the RV1+, priced at Rs 99,990. The RV1 gives two battery choices: a 2.2 kWh battery with a variety of as much as 100 km, and a 3.24 kWh battery extending the vary to 160 km.
This marks Revolt Motors’ fourth product in its lineup, which already consists of the RV400 and RV400 BRZ fashions. The corporate plans to increase its portfolio with the launch of 1 new product annually for the subsequent 5 years.
“We’re dedicated to bringing technology-driven bikes of the very best quality. From this 12 months, we are going to launch a product yearly,” Anjali Rattan, chairperson of RattanIndia Enterprises Restricted, mentioned in an interview.
In response to BikeDekho.com, round 200 gamers are competing within the electrical two-wheeler (e2W) market, with about 40 within the electrical motorcycle phase. Revolt Motors leads the e-motorbike phase, having offered 4,893 models as of August 15, in keeping with Vahan information.
Different gamers within the e-motorcycle phase, together with Ultraviolette, Tork, Oben, Matter, and Energy EV, are completely targeted on motorbikes. In the meantime, firms comparable to Komaki, Okaya, Kabira Mobility, Odyssey, MX Moto, One Electrical, Orxa, Srivaru Motors, Pleasure e-bike, ADMS, and Pure EV provide each scooters and motorbikes.
Deliveries of the brand new RV1 collection will start on September 23, with the corporate concentrating on gross sales of 15,000 models by Diwali.
Revolt plans to give attention to inexpensive and mid-price bikes, avoiding the premium phase, which Rattan described as a “small market” for bikes priced over Rs 3 lakh.
The corporate presently has a manufacturing capability of 13,500 models per 30 days, with plans for future enlargement. Though Revolt Motors doesn’t produce electrical scooters, Rattan talked about that they might enter that phase if there’s ample demand.
“Constructing a great electrical bike from scratch takes round three years. The latest incidents of fires in electrical bikes have scared the market, however our bikes haven’t confronted such points as a result of we give attention to expertise and high quality,” Rattan added.
Revolt Motors presently sources its batteries from China’s Modern Amperex Expertise Co, Restricted (CATL), one of many largest battery producers globally.
Revolt Motors is owned by RattanIndia Enterprises Restricted, a publicly listed firm.
First Printed: Sep 17 2024 | 9:14 PM IST
