Micromax co-founder Launches a new electric bike venture
India's leading handset maker Micromax co-founder Rahul Sharma launch a new electric motorcycle which is expected to hit the roads by June this year.
Sharma has set up Revolt Intellicorp Pvt Ltd, a firm wholly owned by him with a view "to make personal mobility practical, affordable and sustainable".
He is investing total around Rs 500 crores in this venture. Headquartered in Gurugram, Revolt Intellicorp has a manufacturing facility in Manesar, Haryana. Spread over 1 lakh square feet, the facility boasts a production capacity of 1.2 lakh vehicles per annum for first phase.
"I always wanted to get into the smart mobility sector. I had even met many global players to foray into the segment. During this period I even considered investing in some of the existing companies that were...