REVA Electric Car Company Overview
REVA Electric Car Company Private Ltd. (RECC), based in Bangalore, India, was established in 1994 as a joint venture between the Maini Group India and AEV LLC, California USA, to manufacture environment-friendly and cost-effective electric vehicles. Seven years of R&D earned the RECC recognition in the form of 10 patents and a globally accepted product. REVA, India's first zero polluting Electric...More»
REVA Electric Car Company Private Ltd. (RECC), based in Bangalore, India, was established in 1994 as a joint venture between the Maini Group India and AEV LLC, California USA, to manufacture environment-friendly and cost-effective electric vehicles. Seven years of R&D earned the RECC recognition in the form of 10 patents and a globally accepted product. REVA, India's first zero polluting Electric Vehicle for city mobility, was commercialized in June 2001.
The success of commercializing REVA at affordable prices stems from the support it has received from The Maini Group. The Group has been committed to producing zero-pollution transportation equipment and automotive components since 1984. RECC is guided by the "zero principle” of the Maini Group. Zero defects, zero time delays, zero inefficiencies and zero pollution. This is achieved through Zero Wastage and Zero Compromises.«Less
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Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 10/2006 | Series C | 20M | Unknown |
Products
| Name: | REVA |
| Product URL: | http://www.revaindia.com/aboutevs.htm |
| Description: | REVA is a battery electric vehicle designed for low speed, congested, urban conditions and is classified as a quadricycle (category L7e) under UK and European law. REVA is designed to be unique and stands out on the road as a genuine city car with a mature expression. The advanced technologies used, make it highly differentiated and superior to other makes. It has all the inherent benefits of an Electric Car and is indeed a revelation in city mobility. |
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