RattanIndia Enterprises said that Indian electric bike company Revolt Motors has re-opened bookings for RV400, its artificial intelligence (AI) enabled electric bike. Recently, Revolt Motors was fully acquired by RattanIndia Enterprises and the latter since then is said to have heavily invested in the supply chain as well as increasing production capacity at the EV […]
RattanIndia Enterprises has taken full ownership of Indian electric motorcycles manufacturer Revolt Motors following the closing of a deal announced in October 2022. The financial terms of the deal were not disclosed. RattanIndia Enterprises forayed into the electric vehicles business in 2021 by acquiring a stake of 33.84% in Revolt Motors. By acquiring the remaining […]
RattanIndia Enterprises Ltd. (REL) said that the Insurance Regulatory and Development Authority of India (IRDAI) has granted insurance direct broker licence to its fully-owned subsidiary — Neotec Insurance Brokers Ltd. to carry out life and general insurance business. The IRDAI licence will enable RattanIndia Enterprises to begin sales of life and general insurance products via […]
RattanIndia Enterprises said that it will take full ownership of Indian electric motorcycles manufacturer Revolt Motors by acquiring the remaining stake of around 66% it previously didn’t own. The financial terms of the deal were not disclosed by RattanIndia Enterprises. The Indian conglomerate acquired a stake of 33.84% in the electric motorcycles manufacturer in 2021 […]
Indian conglomerate RattanIndia Enterprises Ltd. (REL) has announced the launch of an advanced ‘Made in India’ drone called ‘Defender’ through its subsidiary Throttle Aerospace Systems (TAS). Defender, which is a tracking and capturing system for rogue drones, is said to have 13 artificial features to neutralize them. The new drone from Throttle Aerospace Systems uses […]
Rattanindia Enterprises said that its subsidiary Revolt Motors will open a new electric motorcycle store in Rajkot, Gujarat. According to Rattanindia Enterprises, this is the third store for Revolt Motors in Gujarat and the 26th in India. Rattanindia Enterprises stated that the Gujarat government has given an exemption to e-vehicles registered in Gujarat road transport […]
Rattanindia Enterprises (REL) has launched an all-digital, financial aggregator platform called BankSe on the android mobile platform and on the web portal of the same name. According to Rattanindia Enterprises, BankSe is a one-stop financial solutions provider. BankSe is designed for analyzing various life-stage and financial parameters of customers and to offer customized solutions for […]
Rattanindia Enterprises, an Indian conglomerate which holds a significant stake in Revolt Motors, has welcomed a proposal from Niti Aayog to the Reserve Bank of India (RBI) to categorize loans to electric vehicles (EVs) as priority sector lending (PSL). By including EVs under priority sector lending, the costs of finance will be reduced and will […]
RattanIndia Enterprises said that its subsidiary Revolt Motors, a manufacturer of electric motorcycles, has opened its first dealership in Andhra Pradesh at Visakhapatnam. The new location is Revolt Motors’ 15th retail store in India. Citing the increasing cost of petrol and the desire to satisfy the demand of the consumers, Revolt Motors plans to increase […]
RattanIndia Enterprises Limited said that it has incorporated a fully-owned subsidiary called ‘Neotec Insurance Brokers Limited’. According to the Indian conglomerate, Neotec Insurance Brokers has been founded with an aim of engaging as direct insurance brokers in general and life insurance. RattanIndia Enterprises said that Neotec Insurance Brokers will seek a licence from the Insurance […]