India, April 5, 2019: Micromax founder Rahul Sharma has launched his new venture Revolt Intellicorp Pvt. Ltd (RIPL) that aims to introduce an AI-enabled (Artificial Intelligence) electric motorcycle in India by June later this year.
The company has been working on the motorcycle for two years and has high ambitions of figure out a double-digit market share in the two-wheeler space in the coming years and will offer a solution that will offer a range of about 155-160km on a single charge, stated the company.
India is the second-largest motorcycle market in the world, with sales dominated by basic commuters. More than 20 million two-wheelers were sold to domestic customers in 2017/18, making it the most popular vehicle category sold in India. Headquartered in Gurgaon, Revolt Intellicorp Pvt. Ltd. has a manufacturing facility in Manesar, Haryana, which is spread over 1 lakh square feet and has a production capacity of 1.20 lakh units commissioned for Phase 1 (FY 2019-20).
The electric motorcycle will first be made available in Delhi-NCR, but the company has added that it will scale up its sales network quickly. Sales will be made both online and offline, via dealerships and company-owned experience centres. Sharma tells us that the company is looking forward to keeping the supply at healthy levels and is keen on keeping waiting periods as low as possible.