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Revolt Intellicorp launches first electric bike RV400 with special payment plan

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Published : Aug 29, 2019, 12:50 PM IST

Revolt Intellicorp launches first electric bike RV400 with a special payment plan. The customer will have to pay Rs 3,499 per month for 37 months to own the bike.

Revolt Intellicorp launches first electric bike RV400

New Delhi: Electric two-wheeler maker Revolt Intellicorp on Wednesday launched its first electric motorcycle RV400 with a special payment plan.

As part of the scheme, a customer will have to pay Rs 3,499 per month for 37 months to own the bike.

The RV400 comes with a host of introductory benefits such as unlimited battery warranty, free maintenance benefits, product warranty, and insurance.

Revolt Intellicorp also introduced a second model -- Revolt RV300 at Rs 2,999 per month. Bookings for the bike will begin on Thursday.

"EVs are not just about a shift in vehicles but a shift in mindset for the consumer. Our promise of disrupting the mobility market in the true sense of Product and price is here," Revolt Intellicorp Founder Rahul Sharma said in a statement.

Sharma is the former co-founder of Micromax Informatics.

The company is starting with Delhi and Pune and will eventually move to the rest of the country, he added.

Deliveries of the RV400 will commence in September for the first batch in Delhi, pre-bookings for which began on June 25, 2019.

The RV400 is powered by a lithium-ion battery that generates 72V of power and enables the bike to have a maximum range of 150 km on a single charge with a top speed of 85 km/hr.

The RV400 battery can be fully charged within four hours. Revolt Intellicorp has a manufacturing facility at Manesar in Haryana with a capacity of 120,000 units annually.

Read More: Tax task force recommends new tax slabs for individuals

New Delhi: Electric two-wheeler maker Revolt Intellicorp on Wednesday launched its first electric motorcycle RV400 with a special payment plan.

As part of the scheme, a customer will have to pay Rs 3,499 per month for 37 months to own the bike.

The RV400 comes with a host of introductory benefits such as unlimited battery warranty, free maintenance benefits, product warranty, and insurance.

Revolt Intellicorp also introduced a second model -- Revolt RV300 at Rs 2,999 per month. Bookings for the bike will begin on Thursday.

"EVs are not just about a shift in vehicles but a shift in mindset for the consumer. Our promise of disrupting the mobility market in the true sense of Product and price is here," Revolt Intellicorp Founder Rahul Sharma said in a statement.

Sharma is the former co-founder of Micromax Informatics.

The company is starting with Delhi and Pune and will eventually move to the rest of the country, he added.

Deliveries of the RV400 will commence in September for the first batch in Delhi, pre-bookings for which began on June 25, 2019.

The RV400 is powered by a lithium-ion battery that generates 72V of power and enables the bike to have a maximum range of 150 km on a single charge with a top speed of 85 km/hr.

The RV400 battery can be fully charged within four hours. Revolt Intellicorp has a manufacturing facility at Manesar in Haryana with a capacity of 120,000 units annually.

Read More: Tax task force recommends new tax slabs for individuals

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Sensex drops over 250 pts ahead of F&O expiry
          Mumbai, Aug 29 (PTI) Domestic equity benchmark BSE Sensex dropped over 250 points in early trade on Thursday dragged by heavy selling in banking stocks ahead of the expiry of August derivatives amid weak cues from other Asian markets.
          After hitting a low of 37,191.79, the 30-share index was trading 215.51 points, or 0.58 per cent, lower at 37,236.33 at 0930 hours, while the broader Nifty fell 58.90 points, or 0.53 per cent, to 10,987.20 in early trade.
          In the previous session, the BSE barometer the 30-share Sensex settled 189.43 points, or 0.50 per cent, lower at 37,451.84. Similarly, the broader NSE Nifty fell 59.25 points, or 0.53 per cent, to 11,046.10.
          Top losers in the Sensex pack in early trade on Thursday included Yes Bank, HDFC, ICICI Bank, HCL Tech, TechM, Axis Bank, NTPC, Bajaj Finance and SBI, shedding up to 2 per cent.
          On the other hand, Sun Pharma, Vedanta, Tata Motors, IndusInd Bank, M&M and Bharti Airtel rose up to 2.75 per cent.
          During the day, investors can expect greater volatility in the market on the back of weekly and monthly expiration of the August futures and options (F&O) contracts, said Shrikant Chouhan, Head Technical Research, at Kotak Securities.
          Foreign portfolio investors sold shares worth a net of Rs 935.27 crore on Wednesday, while domestic institutional investors purchased shares worth Rs 359.32 crore, provisional data showed.
          The rupee, meanwhile, depreciated 18 paise against its previous close to trade at 71.95 in early session.
          Elsewhere in Asia, bourses in Shanghai, Hong Kong, Korea and Japan were trading on a negative note in their respective late morning sessions.
          Exchanges on Wall Street ended in the green on Wednesday.
          Global oil benchmark Brent crude was trading 0.57per cent lower at 59.59 per barrel. PTI
         
         
         
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