Revamp Moto to accelerate its EV Production, Partners with Panache

Revamp Moto onboards Panache as their contract manufacturer to assemble its Electric Vehicles with an annual capacity of 150,000 vehicles

Modular Electric Vehicle (EV) manufacturer, Revamp Moto, announced Panache, a reputed public limited organization specializing in design, manufacturing, distribution and services of ICT & IoT devices as their Contract Manufacturer for EVs. Through this alliance with Revamp Moto, Panache will make its foray into the Indian EV market and will assemble indigenously made in India EVs for Revamp Moto at its facility in Bhiwandi, Mumbai.

This new association will see Revamp Moto showcase a strong concept of modularity in EVs that can be a game changer in the EV ecosystem of India. Panache will support this effort by bringing to the table, two decades of experience in contract manufacturing. This will benefit Revamp to assemble and build EVs that highlight the revolutionary concept of ‘Modular Utility Platforms’ which are made with the motto of ‘built to adapt’.

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Speaking on this association, Jayesh Tope, Co-founder and Managing Director, Revamp Moto, said, “We are seeing a huge demand for our vehicles in the market. With a production capacity of 150,000 vehicles per year, this partnership with Panache will enable us to fast pace the delivery of our vehicles to customers. We are confident about Panache’s manufacturing competence and this strategic move will help us focus on indigenously designing better products for India and the world.”

The association will see each party focus on building their own strengths with Revamp Moto working on new product development (NPD), Research and Development (R&D), new technologies, and generating IPs. This leaves Panache to focus on quality product assembly, process optimization, and indigenization of components. This union will see both Revamp and Panache focus on specific domains to indigenize EV manufacturing and the assembly of these products would not just bring a great deal of transparency but also speed up the process significantly.

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Commenting on the same, Mr. Amit Rambhia, Chairman and Managing Director, Panache Digilife Ltd, said, “Revamp Moto’s bold and innovative approach to designing and building electric vehicles that have yet to be seen before in the country make them the ideal partner for Panache. With this association, Panache makes its entry into the world of electric mobility and also advances our expertise in providing contract manufacturing solutions. We are delighted to be working with Revamp Moto and will look to combine our efforts to shape the future of mobility not just in India but with products that are ‘Made in India’ for the world.”

About Revamp Moto

Nashik-based Revamp Moto an EV start-up, was founded in January 2021 by Jayesh Tope, Pritesh Mahajan, and Pushkaraj Narendra Salunke. Visionaries in their own right, all three had worked on prior entrepreneurial ventures before coming synergising their energies and thoughts in their very first meeting to form and build the concept and vision of Revamp Moto.

With a mission to empower India’s micro-entrepreneurial community while accelerating the transition to a zero-emission society. Revamp Moto develops exceptionally reliable, adaptable, and connected Electric Vehicles based on its Modular Utility Platforms to maximise revenue generation for micro-entrepreneurs on the go.

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About Panache

Panache is a reputed public limited organization with headquarters at Mumbai (India). Panache Digilife limited is specialized in the field of manufacturing for ICT product, with facility in Mumbai, near Bhiwandi. Panache Digilife Limited is an ICT & IoT devices design, manufacturing, distribution and services company. Their Vision of “Making Human Life Easy” has led them to constantly innovate in technology space.

The company is currently focused in Smart ICT & IoT devices, Smart & Connected Cars, Retail IoT and Smart Water and other electrical and electronic manufacturing opportunities. Panache has always been practicing and promoting local manufacturing as far as possible. With this same focus in mind, Panache applied for the IT Hardware PLI scheme that has been rolled out by the Government of India and got selected for the same.