Rattanindia (domino's Owner) To Invest In Expanding Revolt Motors’ Presence Across 35 Cities In India

By Author: Vijay Patil
Total Articles: 7
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RattanIndia Enterprises, which recently purchased a stake in the local electric two-wheeler maker Revolt Motors (Revoltmotors), will invest in expanding the network of service centers and dealers in 35 cities.

The funds for this investment were secured following RattanIndia Group sold off its entire solar portfolio to GIP group. The company is investing some of the proceeds into the electric vehicle space.

"We are really bullish on the EV space, with the government's push for electrification, we think this sector holds a huge promise for growth," said Anjali Rattan, the promoter of Rattan India Enterprises.
Rattan India Enterprises had announced in April that it was investing in electronic motorcycle manufacturer Revolt Intellicorp, founded by Micromax co-founder Rahul Sharma. The deal will give him 43 per cent of the share in the firm.

Anjali Rattan also revealed she has also revealed that Revolt Motors has a deal with Domino's to change its delivery vehicles to electric. The investment of Rs150 million will be utilized for Revolt Motors to expand the network ...
... of service centers as well as dealership in 35 cities as well as to increase the number of switch stations in cities to increase the range of vehicles on the bicycles. It is also worth noting that the Fame II subsidies announced on June 12 will also be on time, and will be a reward of Rs48,000 for each bike purchased by Revolt.

According Anjali, the goal of investment made of RattanIndia Enterprises will be mostly toward companies that are growth-oriented that will yield higher returns. "Most of our present holdings are in thermal power which requires an extremely high capital expenditure and a huge debt, moreover the thermal power industry is less likely to grow," Anjali said. Anjali's prior venture to solar power ended due to the large capital costs, which coupled with the drop in tariffs to Rs.2 per unit rendered the venture financially unviable. Therefore, the majority of new investments to RattanIndia Enterprises will be tech-based.

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