Indian mobile handset maker Micromax co-founder Rahul Sharma on Thursday announced his foray into smart mobility. Through Revolt Intellicorp, Sharma will launch an electric motorcycle by June this year.
Moving away from Mobiles to electric mobility, Micromax co-founder Mr Sharma says that the Revolt Intellicorp, a firm wholly owned by him will disrupt the e-mobility market in the country.
“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 manufacturing electric vehicles but somehow it did not materialise,” Sharma said to agencies.
He added that after 2 years of development the company is ready to introduce India’s first AI-enabled electric motorcycle without compromising on the performance or aesthetics.
“We are making an ecosystem of connected devices, bike is one of them. There will be many connected devices which will come under this venture.” Sharma said.
The electric motorcycle from Revolt Intellicorp will be comparable with conventional motorcycles in terms of performance, he claimed but declined to give more details saying it would be shared at the time of launch.
Sharma further explains, “I was not happy with the kind of products (electric two-wheelers) that were being produced here, so two years back I decided to get into the industry.” Revolt Intellicorp is working on the premise of making intelligent vehicles that don’t compromise on the form factor and performance of ICE vehicles, he added.
According to reports, the motorcycle will be fully electric, enabled with A.I and will have an embedded 4G LTE SIM as well. The product will have a range of about 150 kilometers on a single charge and will have a lithium-ion battery pack which can be swapped. The top-speed has been limited to 85 km/h. While the battery and the electric motor will be imported, the battery management system and the electronic control unit were designed in house. The company will also offer innovative charging solutions when the EV is launched in June beginning from Delhi NCR.
Commenting about investment in the new venture, he said, “Right now Rs 400-500 crore will go into it. The objective is to transform and completely disrupt this industry and get a major chunk of market share of the total two-wheeler industry and not just the electric segment.”
The company’s initial goal is to get into double-digit market share, he added. 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 the first phase.