2017
Chennai
Seed
Revoh (Revoh Innovations) is a deep-tech company incubated at IIT-Madras, specializing in the design, development, and manufacturing of sub-components for electric vehicles (EVs). It focuses on indigenous motor controller technology to reduce reliance on imported components, offering localized solutions tailored for Indian road conditions and diverse automotive applications.
BLDC Motor Controllers: The company's flagship product line includes high-efficiency, noiseless Brushless DC (BLDC) motor controllers designed for various power specifications (ranging from 250W to 3.5kW and above) for electric two-wheelers and three-wheelers.
PMSM Controllers: It develops Permanent Magnet Synchronous Motor (PMSM) controllers known for precise torque control and high power density, catering to higher-performance EV applications.
Intelligent Features: Its controllers come equipped with advanced software algorithms supporting features like auto-phase detection, regenerative braking, anti-theft alarms, walk-assist, and reverse modes.
Customizable Software/App: The company provides Bluetooth-enabled mobile applications that allow users and OEMs to customize vehicle performance parameters (speed limits, acceleration curves) and perform diagnostics.
Auxiliary Motor Controllers: Beyond traction motors, it supplies controllers for auxiliary systems in both electric and internal combustion engine vehicles, such as radiator fans and pumps.
B2B Manufacturing and Sales: The primary revenue stream involves the direct sale of motor controllers to Original Equipment Manufacturers (OEMs) of electric scooters, rickshaws, and light commercial vehicles, serving over 75 clients ranging from startups to multinational corporations.
Custom Engineering Services: The company generates revenue by offering paid R&D and customization services to OEMs, tailoring control algorithms and hardware designs to meet specific vehicle performance requirements.
Scalable Component Supply: It operates on a volume-based model, leveraging its manufacturing capabilities to supply standardized controllers for widespread applications like e-cycles and e-loaders, while also targeting export markets (e.g., UK, Netherlands).
Aftermarket Support: While primarily OEM-focused, the business model supports long-term value capture through the supply of replacement components and upgrades for the growing fleet of electric vehicles using their technology.
$637K
2
$487K, Seed
as of June 15, 2023
-
as of N/A
-
as of N/A
Whiteboard Capital
and 2 more9
Aditya Avartan Technologies
No Exits
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| June 15, 2023 | Seed | $487K | - | $18.7K | - | Whiteboard Capital, Nexzu Technologies |
| March 15, 2022 | Seed | $150K | - | $4.08K | - | Angel |