Sunday, June 4, 2023
    HomeManufacturingRevoh Innovations Raises USD 150,000 Seed funding

    Revoh Innovations Raises USD 150,000 Seed funding

    Revoh Innovations, a Chennai-based startup that manufacturers sub-components for electric vehicles (EVs) has recently raised USD 150,000 in a seed round from angel investors Vel Kanniappan and Ravi Renganathan to build a motor controller production facility in Tamil Nadu.

    Established in 2017, Revoh’s primary goal is to localize the electric vehicles’ sub-components’ manufacturing, reducing India’s dependence on foreign manufacturers.

    “Revoh Innovations is one of the very few indigenous Indian firms that perform mind-bending research on motor controllers for Electric Vehicles. The level of customization that Revoh provides to their clients is truly top-notch! On top of it, they have got a very intelligent and well approachable team! Best wishes for their future endeavors!”, said Ravi Renganathan.

    Revoh Innovations’ R&D, manufacturing, and operations are based out of IIT-M Research Park and are planning to set up a standalone manufacturing unit with the help of received Seed funds in SIPCOT, Chennai. The R&D division will continue to function from IIT-M Research Park, the startup said in a statement.

    “Despite numerous hurdles, our sheer perseverance kept us and will keep us going strong! Indeed, the learnings have been enormous. Whatever it takes, Revoh never gives up and will cruise through!” said Vignesh D, CEO, Revoh Innovations

    Currently, Revoh Innovations, which is incubated in IIT-Madras can produce 2,000 motor controllers per month for various applications such as EV, healthcare, solar energy, industrial, agriculture and domestic uses. It has around 25 reputed clients across MNCs and start-ups.

    At present, the startup claims to have around over 25 reputed clients across MNCs and start-ups. Furthermore, they have tie-ups with several motor manufacturers in India. Revoh has also exported the BLDC controllers to clients in the UK and Netherlands