VC Fund Investments
Revamp Moto raises $1-M from Veda VC and Venture Catalysts
Nashik-based electric vehicle manufacturer Revamp Moto has raised over USD 1 million in a pre-seed round of funding led by Veda VC and Venture Catalysts. IDBI Capital and angel investors such as Aman Gupta, Anupam Mittal, Ashneer Grover, Peeyush Bansal as well as Deven Bhandari and Ankit Kedia also participated in the round. The company will use the funds for hiring, finance product development and pre-launch partnerships. Revamp Moto makes electric two-wheelers targeted at the mobility needs of delivery agents, milkmen, vegetable and street vendors, among others. It currently has two variants called RM Mitra and RM 25, built on a modular utility platform.
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