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Ev Manufacturer Revamp Moto Raises Over $1 Million In Funding

Jun 01, 2022•about 3 years ago

Amount Raised

$1 Million

Round Type

seed

Delhi

Description

New Delhi: Revamp Moto, an electric two-wheeler manufacturer, has raised over $1 million in pre-seed funding round from Veda VC and Venture Catalysts. Other participants included IDBI Capital and angel investors like Deven Bhandari and Sharks — Aman Gupta, Anupam Mittal, Ashneer Grover, and Peeyush Bansal.

Company Information

Company

Revamp Moto

Location

Delhi, Delhi, India

About

The company came to the limelight in Shark Tank, India, where it raised funds from Anupam Mittal and Aman Gupta. The company plans to use the fresh funds raised in the round to hire top talent, product development and match the rising demand for mobility vehicles. The company competes with startups like River and Dispatch, which are also building electric scooters for the gig workforce.