Angel Investments
EV motor controller maker Revoh Innovations raises $150-K
IIT-Madras incubated electric vehicle (EV) sub-component manufacturing startup, Revoh Innovations Private Ltd., has raised $150,000 in seed funding from angel investors Vel Kanniappan and Ravi Renganathan. Chennai-based Revoh aims to localise the electric vehicles' subcomponents' manufacturing. It is looking to set up a standalone manufacturing unit in SIPCOT, Chennai using the funding proceeds. Revoh Innovations' R&D, manufacturing, and operations which are based out of IIT-M Research Park will continue to function from the facility.
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