RattanIndia Enterprises Limited has completed the acquisition of 100% shareholding in the electric motorcycles market leader Revolt Motors. Henceforth, Revolt Motors will be a 100% wholly owned subsidiary of NSE/BSE-listed RattanIndia Enterprises Ltd.Electric bike company Revolt Motors has its manufacturing facility in Manesar, Haryana. With this 100% acquisition of Revolt Motors, RattanIndia Enterprises seeks to significantly scale up Revolt’s growth and make it the largest EV two-wheeler company in the country. Revolt Motors flagship model RV400 has been witnessing a robust demand and is by far the most technologically advanced bike in the world. These AI-enabled electric motorcycles capture millions of data points per second over-the-air to deliver great driving experience to the riders.

Source: Fox News January 15, 2023 00:19 UTC