34 C
Sunday, June 4, 2023

From concept to reality: This Indian startup debuts game-changing ‘Transformable EV’ after Shark Tank success

- Advertisement -

The RM Buddie 25 is the “India’s first transformable EV,” according to Revamp Moto, a Nashik-based maker of electric 2-wheelers that accomplished over investors on Shark Tank India in Dec 2021. A 48V, 25Ah lithium-ion battery pack with an IP 67-rated smart battery management system (BMS) and controller area network (CAN) capability powers the Buddie, allowing it to reach a peak speed of 25 km/h and cover 70 km on a single charge. The Buddie can map in excess of 50 parameters through cellphones, charges from 0% to 80% in 1 hour and 45 minutes, and has smart connectivity. The Buddie comes with “swiftly and easily swappable attachments” including a kid seat and a saddle stay, and may be driven without a license or registration.

The Buddie comes with “swiftly and easily swappable attachments” such saddle bags and saddle stay, a kid seat, carrier, base plate, insulated box, and base rack and may be driven without a license or registration. The Buddie, according to co-founder and CEO of Revamp Moto, Pritesh Mahajan, meets not just the needs of normal users but also those who utilize The ‘Transformable EVs’ produced by Revamp, an EV manufacturer in India, are designed to provide consumers more power.

They identify as a “modular EV company” and differ from other Indian EV producers. The Buddie’s purchasing window started on 16 December 2022, and deliveries are scheduled to start in April 2023. Revamp will begin testing the Buddie in several places around the nation before beginning delivery. Their Bhiwandi factory, which they assert can produce more than 1.5 lakh units yearly, would be used for manufacturing. Pritesh Mahajan, Jayesh Tope, and Pushkaraj Salunke formed the company in January 2021, and it had an appearance on Shark Tank India in Dec 2021.

They felt as though their product and the fundamental modular idea around which they based their firm had been validated by the whole experience of giving their presentation in the tank. Co-founder of boAt, Aman Gupta, and the founder of People Group, Anupam Mittal, gave Revamp financing totaling Rs 1 crore during a show in exchange for 1.5% equity.

Other sharks, such as Peyush Bansal and Ashneer Grover, also entered to make investments of Rs. 50 lakh apiece after the event. They have already received $1 million in outside finance from the “sharks,” many Indian venture capital companies, and angel investors, and are currently aggressively seeking $3 million from both domestic and foreign investors. Buyers may seek for information on the debut of Buddie in the Metaverse through Revamp’s accounts on LinkedIn, Twitter, YouTube, Instagram, Spatial, and Facebook. Revamp is the first EV two-wheeler firm in India.

According to Pritesh, “Revamp is developing solutions for the market’s current needs while also having an eye toward the future.”

Taushif Patel
Taushif Patelhttps://taushifpatel.com
Taushif Patel is a Author and Entrepreneur with 20 years of media industry experience. He is the co-founder of Target Media and publisher of INSPIRING LEADERS Magazine, Director of Times Applaud Pvt. Ltd.

Related Articles

Latest Articles