Revamp Moto Rising in India's Electric Vehicle Market
Revamp Moto's Mission and Products
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Revamp Moto's Mission and Products
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The company develops electric scooters for commuting and security, aiming to impact 1 million lives by 2028 with sustainable solutions.
Founders' Backgrounds
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Founders' Backgrounds
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Pritesh Mahajan (visionary), Jayesh Tope (financial and HR expert), and Pushkaraj Salunke (tech innovator) lead Revamp Moto with diverse expertise.
Shark Tank India Investment
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Shark Tank India Investment
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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
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Product Launch
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Post-investment, Revamp Moto launched the RM Buddie 25 electric scooter, marking significant growth and success in the EV market.
Market Presence
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Market Presence
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Operates in B2C and B2B markets across energy, automotive, logistics, and environmental tech sectors, serving diverse customer segments.
Funding Rounds
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Funding Rounds
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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.
Investors
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Investors
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Supported by 14 institutional investors like Veda VC and 12 angel investors including Anupam Mittal, highlighting strong financial backing.
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