RattanIndia to acquire 100% stake in electric motorcycles maker Revolt

RattanIndia Enterprises Ltd will acquire a 100% stake in Electric bike maker Revolt Motors. The firm had earlier acquired 33.84% of the shares with an choice to additional enhance the shareholding.

Speaking on the event RattanIndia Enterprises Chairperson Anjali Rattan mentioned, “Revolt is at present by far one of the best EV bike in the world. It is really world class in all points – its expertise, price, construct high quality and efficiency. With this acquisition of 100% shareholding in Revolt Motors we’re doubling down on our perception that EV revolution in the nation is coming in quicker than we anticipate. I would not have any doubt that what is nice for surroundings and the nation makes for a terrific enterprise. Indian’s are very eager prospects after they see worth. We are prepared for subsequent progress section for Revolt Motors.”

A press release by RattanIndia learn, “RattanIndia Enterprises Ltd. truly believes that electric mobility will define the future of automobiles in India and Revolt’s commitment to drive the passion of electric motorcycling is stronger than ever before”

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