Revamp Moto, a modular electric vehicle startup from Nashik, Maharashtra, grabbed nationwide attention after its powerful appearance on Shark Tank India.
What Is Revamp Moto and What Do They Offer?
Founded by Pritesh Mahajan, Jayesh Tope, and Vedang Sati, Revamp Moto focuses on manufacturing electric two-wheelers with modular attachments. Their vision? Create EVs that empower micro-entrepreneurs the food vendors, delivery agents, farmers, and local traders that keep India’s wheels turning.
RM Mitra – The Star Product
Their flagship product, the RM Mitra, is a utility-focused electric scooter designed with swappable modules that can be attached and removed within minutes.
Core Features:
- Modular attachments like ice boxes, food carts, parcel racks, and back seats
- 140 km range per charge
- Swappable battery system
- Payload capacity: up to 200 kg
- Top speed: approx. 45-50 km/h
- Charging time: 4-5 hours
This isn’t just an e-scooter—it’s a multi-use electric vehicle tailored for real-life working needs.
Shark Tank India Pitch: What Happened?
On Shark Tank India Season 1, the founders walked in with confidence and data to back their ambitious product. The presentation was not just about the RM Mitra—it was a business case for India’s working class.
Key Pitch Details:
- Ask: ₹1 crore for 1% equity (₹100 crore valuation)
- Final Deal: ₹1 crore for 1.5% equity
- Sharks on Board: Anupam Mittal, Aman Gupta, Ghazal Alagh
- USP Highlighted: India’s first “Transformable EV”
The pitch struck a chord with the investors for one big reason—it wasn’t just a product; it was a platform for economic empowerment.
Why the “Modular” EV Matters
Modular Attachments Available:
- Ice Box Unit: For ice cream or cold drinks
- Food Cart Module: For street food vendors
- Delivery Rack: For parcel and courier services
- Foldable Seat: To convert to passenger ride mode
- Flatbed Storage: For farmers or hardware movement
Market Fit: Solving Real Problems for Real People
Revamp Moto’s RM Mitra focuses on:
- Rural and Tier-2/Tier-3 areas
- Street vendors and gig workers
- Low-maintenance, high-utility transport
- Sustainable delivery for MSMEs
India has over 63 million micro, small, and medium enterprises (MSMEs). These businesses often lack affordable logistics. Revamp Moto taps directly into this massive underserved segment.
Market Insight:
Demand for flexible, clean, low-cost vehicles is soaring.
Green Impact: EVs That Mean Business and Sustainability
Let’s not forget—Revamp Moto is contributing to the green energy transition.
Environmental Benefits:
- Zero tailpipe emissions
- Energy-efficient batteries
- Minimal carbon footprint in manufacturing
By focusing on business-use electric vehicles, Revamp Moto could help reduce CO₂ emissions from diesel-run delivery vans and three-wheelers, which are common in Indian towns.
Business Model and Revenue Plans
Revamp Moto operates on a D2C (Direct-to-Consumer) and B2B partnership model.
Revenue Streams:
- Direct sales of RM Mitra and future models
- Sales of modular accessories
- Maintenance contracts
- Battery swap subscription model (in testing)
- Strategic tie-ups with micro-finance firms for EMI options
What’s Coming Next for Revamp Moto?
They’ve got big plans beyond just one product.
Upcoming Plans Include:
- Launch of RM Buddie 25 – a lighter, license-free variant
- Building a modular EV ecosystem
- App integration for fleet tracking & diagnostics
- Setting up swap stations in semi-urban zones
- Partnerships with e-commerce logistics platform.
Meet the Founders
- Pritesh Mahajan (CEO): Serial entrepreneur and mechanical engineer
- Jayesh Tope (CTO): Product innovation and R&D leader
- Vedang Sati (COO): Operational and business strategist
This trio blends engineering know-how with real-world business sense. Their collective vision? Mobility with purpose.
What Users and Experts Are Saying
“Finally an EV that understands the needs of India’s real backbone—its workers.” – EV Industry Analyst
“I use the RM Mitra to deliver groceries and cold drinks. I saved ₹4,000 in fuel in the first month alone.” – Ramesh, Pune
FAQs – Quick Answers You’re Probably Looking For
Q1: Is the Revamp Moto available for purchase now?
Yes, pre-orders are open via revampmoto.in
Q2: Do I need a license for RM Mitra?
Yes, RM Mitra is a high-speed EV.
Q3: Can I customize the modules myself?
Absolutely! Each module is easy to plug-and-play. Training is provided.
Q4: What’s the warranty?
Currently offering 3 years on the battery and 1 year on the vehicle body.
Q5: Is financing available?
Yes! Partnerships with rural banks and NBFCs are in place.
Wrapping It Up
Revamp Moto isn’t just building electric vehicles—they’re reshaping what affordable mobility can look like in India. With a modular design, strong social impact, and tech-driven roadmap, they’re steering the future of India’s EV industry toward the masses.
In a sea of luxury and city-focused e-mobility, Revamp Moto proves that true innovation lies in solving everyday problems for everyday people.
For more Blogs : beyondthepunchlines.com
Author: Team BTP
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