EV startup Revoh Innovations raises $150M to build new production plant
Revoh Innovations has secured USD 150,000 in a seed funding round. The electric vehicle component startup will use the money to build a motor controller production plant in Tamil Nadu. Chennai-based Revoh Innovations, which manufactures sub-components for electric vehicles (EVs), has secured USD 150,000 in a seed round from angel investors Vel Kanniappan and Ravi Renganathan in order to establish a motor controller manufacturing plant in Tamil Nadu. Revoh was founded in 2017 with the primary purpose of localizing the manufacturing of electric vehicle sub-components, decreasing India's reliance on foreign manufacturers. Revoh Innovations is one of the few indigenous Indian companies conducting cutting-edge research on motor controllers for electric vehicles. The R&D, production, and operations of Revoh Innovations are situated in IIT-M Research Park. The company plans to establish a separate manufacturing facility in SIPCOT, Chennai, with the support of Seed ...