Revoh Innovations, an electric vehicle (EV) sub-components manufacturing startup incubated at IIT-Madras, has announced a successful seed funding round of $425K. The funding was led by Nexzu Technologies and Whiteboard Capital. With this infusion of capital, Revoh aims to expand its team and focus on developing specific products to meet the growing demands of the Indian EV market.
The funds will be utilized to manufacture products with higher power specifications, while also incorporating advanced features into existing products. In the previous seed round, Revoh received funding from angel investors. The current seed round, referred to as seed round B, has raised $425K, further propelling the company’s goals and aspirations.
Revoh Innovations specializes in the manufacturing of EV sub-components, particularly technology solutions for motor controllers. The company is dedicated to cutting-edge research methodologies and production techniques, enabling it to deliver highly efficient EV controllers compared to other domestically designed and developed counterparts. Its vision is to revolutionize the Indian EV sector by reducing dependence on overseas sub-components and products. With a client base of approximately 75 companies worldwide, ranging from multinational corporations to startups, Revoh is making strides towards achieving its mission.
Mr. Vignesh Durai, CEO of Revoh Innovations, expressed his excitement about the company’s exceptional growth in recent years. He highlighted the positive feedback from clients regarding product quality and unique customization. The funding will support the company’s expansion plans, including the recruitment of talented individuals with superior skills and craftsmanship. Additionally, Revoh has plans to venture into the high-power controllers segment in the near future. The capital injection positions Revoh Innovations to have a significant impact on the Indian EV sector, promoting sustainable transportation solutions and driving the adoption of indigenous EV sub-components.