Revamp Moto Rising in India's Electric Vehicle Market

Revamp Moto's Mission and Products:

The company develops electric scooters for commuting and security, aiming to impact 1 million lives by 2028 with sustainable solutions.

Founders' Backgrounds:

Pritesh Mahajan (visionary), Jayesh Tope (financial and HR expert), and Pushkaraj Salunke (tech innovator) lead Revamp Moto with diverse expertise.

Shark Tank India Investment:

Secured INR 1 crore ($125,000 USD) from Anupam Mittal and Aman Gupta for 1.5% equity, rejecting Ashneer Grover’s higher offer.

Product Launch:

Post-investment, Revamp Moto launched the RM Buddie 25 electric scooter, marking significant growth and success in the EV market.

Market Presence:

Operates in B2C and B2B markets across energy, automotive, logistics, and environmental tech sectors, serving diverse customer segments.

Funding Rounds:

Raised a total of $1.82 million, including $1.15 million in 2022 and $673,000 in 2023, with a post-money valuation of $3.79 million.


Supported by 14 institutional investors like Veda VC and 12 angel investors including Anupam Mittal, highlighting strong financial backing.

Swipe up to access the comprehensive article on the topic