RattanIndia to acquire 100% stake in electric motorcycles maker Revolt

RattanIndia Enterprises Ltd will acquire a 100% stake in Electric motorcycle maker Revolt Motors. The company had earlier acquired 33.84% of the shares with an option to further increase the shareholding.

“Revolt is currently by far the best EV bike in the world. It is truly world class in all aspects – its technology, cost, build quality and performance. With this acquisition of 100% shareholding in Revolt Motors we are doubling down on our belief that EV revolution in the country is coming in faster than we anticipate,” said Anjali Rattan, RattanIndia Enterprises Chairperson.

” I do not have any doubt that what is good for environment and the country makes for a great business. Indian’s are very keen customers when they see value. We are ready for next growth phase for Revolt Motors,” she added.

RattanIndia Enterprises Limited is the flagship company of Rattanindia Group for its new age growth businesses. The company is focused on businesses with cutting edge technologies which have the potential to transform the lives of billion plus Indians. RattanIndia Enterprises Limited comprises of tech focussed new age businesses including e-commerce, electric vehicles, fintech and drones.

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