Micromax co-founder Rahul Sharma is foraying into the electric vehicle space. The Indian phone maker veteran has started a new company called Revolt Intellicorp with plans to launch an artificial intelligence based motorcycle.
With a personal investment of INR 400-500 crores, he will set up the company and plans to see every Indian household to have access to sustainable mobility. The startup is based in Gurugram and is focused on making personal mobility affordable.
The proposed model will have AI-enabled motorcycle with a range of 156 km and a top speed of 85 km/hr. The commercial launch of the brand is however scheduled in June this year.
Sharma and his team are working towards making intelligent vehicles that don’t compromise on the form factor and performance. He will also add their tech expertise to replace the traditional gasoline vehicles completely.
The company has set up a 100,000 square feet manufacturing facility in Manesar, Haryana. The facility has a production capacity of 1,20,000 vehicles and the same number is commissioned for Phase 1.
Rahul Sharma said that the company will focus on some important aspects including design language, performance and long distance range. The startup will be setting up its own electric charging infrastructure as soon as it rolls out its product.
The company will follow offline as well as an online model to disrupt the market and enable experience stores across cities so that customers could experience the touch and feel of the product before purchasing.
The first phase will rollout from Delhi-NCR and the product is working on 4G LTE service as of now. The motorcycles will require minimal service. The team comprise of automobile industry veterans.
Sharma has aimed to capture double-digit market share in the automobile industry and not just the electric vehicles segment.
India is the second-largest motorcycle consumer in the world with 20 million two-wheelers sold to domestic customers in 2017-18. The government of India has launched the second phase of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) which provides subsidies for electric two-wheelers and public transport. The government also exempted EV makers from paying import duties on essential parts like batteries and powertrains.