Rahul Sharma, co-founder of Indian smartphone manufacturer Micromax, has made a surprise entry into the electric vehicle space. After massive success of Micromax in the past now Rahul sharma has formed new venture called Revolt Intellicorp Pvt. Ltd, with plans to launch an artificial intelligence (AI) based motorcycle.
Talking about the new venture, Sharma, who is setting up the company with a personal investment of about INR 400-500 Cr, said that, “ My vision is to see every household in India have access to sustainable mobility.”
The venture is Based in Gurugram, Revolt Intellicorp is focused at making personal mobility practical, affordable and sustainable. The proposed AI-enabled motorcycle will have a range of 156.8 km and a top speed of 85km/hr. The commercial launch of the motorcycle is reported to be scheduled around July,2019.
“We are working on the premise of making intelligent vehicles that don’t compromise on the form factor and performance of ICE vehicles. To this we added our tech prowess and our ambition is to replace them completely,” Sharma added.
The company has a 1 lakh square ft. manufacturing facility in Manesar, Haryana. The facility has a production capacity of producing 1,20,000 vehicles that have been commissioned for Phase 1.
Rahul Sharma at the launch event said that the company has focused on a few major aspects which includes design language, performance, long distance range etc. One of the most interesting things here is that Revolt would be setting up its own charging infrastructure as it starts rolling out its products.
Revolt also planning strategic disruptive go-to-market strategy under which it will be to launch on Offline as well as Online platform. They are also very much focused on enabling experience stores across the metro and cities so that the customers could experience the physical presence of the product.
The first phase of roll out will start from National Capital Region New Delhi. The product as of now is working on 4G LTE service and will require very minimum service, according to Sharma. With a team of automobile industry experts, Sharma is banging on double-digit market share in the automobile industry and just not the electric vehicles segment. Sharma also shared that the company has a slew of products lined up for a launch to disrupt the entire automobile market.
India is the second-largest motorcycle market in the world, with sales dominated by basic commuters. More than 20 million two-wheeler’s were sold to domestic customers in 2017/18, making it the most popular vehicle category sold in India.