Welcome to the “Revamp Moto Company Profile” We’ll kick things off by diving into the heart of the company, exploring its origins and getting to know the visionary founder behind it all. Once we’ve set the stage, we’ll delve into the financial facets that drive this Company’s success.
Points that we will be discussing in this blog are:-
- Brief Intro about Revamp Moto Compony
- Visionary Owner and Founder of this company along with its Net Worth
- Revamp Moto Company Net Worth
- Investors that have invested in this company
- Total funding received
- Revenue generated till date
- Alternatives of Revamp Moto Compony
- Valuation of the Company
- Turnover Of the Company
- And at last Revamp Moto Shark Tank Update
Before diving into the company’s financials, let’s take a moment to explore what the company is all about and get to know the visionary founder behind it. This will give us a better understanding of its journey and impact before we break down the numbers.
Revamp Moto Compony Introduction In Revamp Moto Company Profile:
Table of Contents
- 1 Revamp Moto Compony Introduction In Revamp Moto Company Profile:
- 2 Revamp Moto Owner:
- 3 Revamp Moto Owner Net Worth (In Rupees):
- 4 Revamp Moto Net Worth:
- 5 Revamp Moto Investors:
- 6 Revamp Moto Funding:
- 7 Revamp Moto Revenue(Rupees):
- 8 Revamp Moto Competitors:
- 9 Revamp Moto Valuation:
- 10 Revamp Moto Turnover:
- 11 Revamp Moto After Shark Tank:
- 12 FAQ question:
Formally established in 2020, this company set out with a bold vision to be a key player in India’s electric vehicle revolution.
With a strong focus on accessibility, they’ve positioned their products in the lower to mid-price range, making electric mobility more affordable and attractive to the everyday Indian customer.
What Revamp Moto Company Do In India?
Revamp Moto is driving India’s electric vehicle (EV) revolution by developing modular, reliable, and connected EVs designed for efficiency.
They offer a variety of attachments and accessories to enhance their vehicles’ functionality. The company also empowers micro-entrepreneurs with micro-financing, mentorship, and job opportunities through a B2B network.
In rural and agricultural areas, Revamp Moto partners with NACOF Oorja to introduce affordable and sustainable EV solutions. Additionally, they collaborate with e-commerce and delivery companies through pilot programs to support last-mile mobility.
If you all want more details on the company feel free to have a visit to the official website of Revamp Moto company.
Having covered Revamp Moto’s brief Intro, let’s now shift focus to the Revamp Moto Company Profile and explore the visionary behind it. We’ll get to know the remarkable individual who turned this innovative venture into a reality.
Revamp Moto Owner:
Pritesh Mahajan, Jayesh Tope, and Pushkaraj Salunke are the visionary owner’s behind Revamp Moto, established in 2020. Thanks to their leadership and persistent efforts, the company has continued to thrive and make significant strides in the EV industry.
Brief Intro and History of the founder & owner of the company then
- Pritesh Mahajan: An IIM Sambalpur alumnus, he served as a Project Manager at SBI for three years and is also an experienced entrepreneur with several startups.
- Jayesh Tope: Jayesh Tope, known as “The Hustler,” served as a Project Engineer at Mahindra Group .
- Pushkaraj Salunke: known as “The Hacker,” is an experienced professional with significant corporate experience and a background in entrepreneurial ventures.
Next, let’s dive into the financial aspect and explore the net worth of the owner of this company. This will give us a clearer picture of their success and the impact they’ve made in their field.
Revamp Moto Owner Net Worth (In Rupees):
According to the latest news for 2023-2024, the net worth of the owner of Revamp Moto is estimated to be between Rs 15 Crore and Rs 20 Crore.
This impressive figure highlights the remarkable growth and rapid expansion of the company, showcasing the significant impact and success achieved under their leadership.
Now lets move on to the next part in “Revamp Moto Company Profile” where we will be talking about one of the important parameters that defines the financial of the company as a whole that is the net worth of company (Revamp Moto).
Revamp Moto Net Worth:
In a recent update from a news article published on May 7, 2023, Revamp Moto current net worth is estimated to be around $20 million to $ 25 Million ,which is roughly equivalent to Rs 167 crore to Rs 209 Crore which is currently same as the valuation of the company.
Based on the rapid growth and expansion of Revamp Moto, the company’s net worth is expected to increase significantly—potentially by 10 to 20 times its current value—by the end of the financial year 2024-2025.
This projection highlights the company’s promising trajectory and the potential for substantial financial growth in the near future.
Let’s dive deeper into the “Revamp Moto Profile” and explore the essential financial aspects that shape its growth and other financial factors. So, Let’s go and discuss them one by one.
Revamp Moto Investors:
Currently, Revamp Moto has a total of 28 investors, consisting of 14 institutional investors, including LetsVenture and 13 others, along with 14 angel investors, including Anupam Mittal and 13 others.
Among the investors, LetsVenture,Aman Gupta and Anupam Mittal stand out as the major backers of Revamp Moto, the electric vehicle manufacturing company. Their significant investments reflect strong confidence in the company’s growth and potential in the EV industry.
List Of Revamp Moto’s Institutional Investors:
- Z Nation Lab, located in Cupertino (United States), made their first investment in Revamp Moto on Jan 05, 2022 in its Seed round.
- BizdateUp, located in Mumbai (India), made their first investment in Revamp Moto on May 07, 2023 in its Seed round.
- Veda VC, located in Bengaluru (India), made their first investment in Revamp Moto on Jan 05, 2022 in its Seed round.
Now that we’ve introduced the key investors driving the growth and funding of the company, let’s move on to the next part of the blog: the total funding that Revamp Moto has raised to date by digging deep into the Revamp Moto Company Profile.
Revamp Moto Funding:
Revamp Moto has raised a total funding of $1.82M (approximately Rs 15 crore) across three funding rounds. The most recent round occurred on May 7, 2022, securing $673K. Z Nation Lab and BizdateUp were the two key investors in this latest round, further fueling the company’s growth in the electric vehicle sector.
The company has completed two seed funding rounds from 2020 to 2024, with the details provided in the table below.
| Date of Funding | Funding Amount | Round Name | Investors |
|---|---|---|---|
| May 07, 2023 | $673K | Seed | Z Nation Lab, BizdateUp, and 1 more |
| Jan 05, 2022 | $1.15M | Seed | Aman Gupta, Anupam Mittal, and 18 more |
Moving on to the next segment of the “Revamp Moto Company Profile”, let’s dive into the revenue generated by the company. Let’s explore how Revamp Moto has been performing financially.
Revamp Moto Revenue(Rupees):
The revenue of a company is indeed a crucial factor in determining its net worth and other financial parameters such as valuation, turnover, and various other key factors.
In 2023, Revamp Moto’s operating revenue was below Rs 1 Crore. Specifically, the company’s revenue for the year was around Rs 5.27 Lakhs, as it had just completed its product testing phase and had not yet generated significant sales.
Since striking a deal with Anupam Mittal and Aman Gupta, Revamp Moto has skyrocketed its revenue by an astounding 200x from its initial Shark Tank appearance to now.
This remarkable growth is just the beginning, with expectations for even greater expansion by the end of the financial year 2024-2025.
Next, let’s shift our focus in the Revamp Moto Company Profile to explore the company’s competitors. Understanding the competitive landscape will provide valuable insights into how Revamp Moto stands out in the electric vehicle industry.
Revamp Moto Competitors:
Competitors play a vital role in determining the growth and market of the company and it also effects the financial of the company like net worth, valuation ,revenue and other parameters like sales of a company.
Top 3 competitors of Revamp Moto:
- Ola Electric
- Ather Energy
- Gogoro
Brief Intro on competitors of Revamp Moto:
Here’s a brief introduction to Revamp Moto’s competitors:
- Ola Electric (Founded in 2017)
A leading player in the electric scooter market, known for its innovative technology and aggressive expansion strategies. - Ather Energy (Founded in 2013)
An established name in the EV industry, specializing in high-performance electric scooters with advanced features and infrastructure support. - Gogoro (Founded in 2015)
A prominent electric scooter company from Taiwan, recognized for its swappable battery technology and extensive charging network.
Transitioning to the next critical aspect of the “Revamp Moto Company Profile,” let’s explore the valuation of Revamp Moto. Valuation is a key factor in forecasting the market value of the company and understanding its financial standing.
Revamp Moto Valuation:
Absolutely, the valuation of a company is crucial in determining its net worth and other financial parameters. It serves as a key indicator for predicting the company’s market value and overall financial health.
As of the latest update on May 7, 2023, the company’s valuation stands at $25.3 million, approximately equivalent to Rs 209 Crore. This valuation reflects the company’s significant growth and strong market position.
While the exact valuation for 2024 is not yet available, the company is planning to raise another seed round by the end of the year. This upcoming funding round is expected to significantly impact the company’s valuation, potentially driving it even higher.
Now moving on to the next part in “Revamp Moto Company Profile” where we will be primarily talking about the total turnover of the company.
Revamp Moto Turnover:
The company has commenced production at its Nasik micro factory and secured an order for 25,000 units from a major manufacturer in November 2023.
With an average order value of Rs 2 Lakhs per unit, this order alone is set to generate a turnover of Rs 500 Crore for 2024, which is expected to be fully realized by the end of the financial year 2024-2025.
Now, moving on to the next section of the “Revamp Moto Company profile,” we’ll explore all the events and developments that have occurred after their appearance on Shark Tank.
Revamp Moto After Shark Tank:
Many event has occurred that lead to the exponential growth of the company after receiving funding and valuable guidance and partnership of sharks like Anupam Mittel and Aman Gupta.
- The company has recently booked a micro factory in Nasik, Maharashtra for the production.
- The company has received the order of 25000 units in November,2023.
- Company is planning to raise another round of funding by the end of year 2024 to fulfil the massive order that they have received.
Now since we have taken notes on Revamp Moto update after shark tank its time for us to complete this blog by most asked FAQ question related to Revamp Moto Company Profile.
FAQ question:
When was Revamp Moto founded?
Revamp Moto was founded in year 2020.
How much is Revamp Moto worth?
The latest valuation of Revamp Moto is $25.3M as on May 07, 2023.
What happened to Revamp Moto after shark tank?
The company is right now is busy full-filling the 25000 orders that they have received in November 2024.
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