OLA's Competitor Kickstarts Operations in Sri Lanka with its Flagship RV400 and RV400 BRZ Electric Motorcycles – DIIs Boost Stake in Q2 FY25!

The company’s shares have delivered an impressive multibagger return of over 3,500 per cent in the past 5 years.

Revolt Motors, India’s leading electric motorcycle company, has officially entered the Sri Lankan market with the launch of its flagship models, the RV400 and RV400 BRZ. The grand unveiling event, held at the prestigious Water’s Edge, represents a key milestone in Sri Lanka’s commitment to sustainable and innovative transportation.

The company has already inaugurated its first dealership on Maradana Road, Colombo, and plans to strengthen its presence by opening outlets in 11 strategic locations, including Kurunegala, Madurankuliya, Matara, Embilipitiya, Elpitiya, Batticaloa, Kirindiwela, Horana, Kelaniya, and Tangalle. The launch event was attended by prominent figures such as Mrs. Anjali Rattan, Chairperson of RattanIndia Enterprises Pvt Ltd, and Mr. Bob Kundanmal, Chairman of Evolution Auto, the exclusive distributor of Revolt Motors in Sri Lanka. Both dignitaries highlighted Revolt’s pivotal role in shaping the future of electric mobility through cutting-edge technology and sustainability.

Revolt Motors’ RV400 is designed to revolutionize the electric motorcycle segment in Sri Lanka. With an impressive range of up to 160 km on a single charge and a top speed of 85 km/h, it is ideal for both city commutes and longer journeys. The motorcycle offers customizable riding modes—Eco, City, and Sport—along with AI-enabled connectivity and mobile app integration, making it a blend of performance, innovation, and affordability.

Built to withstand Sri Lanka’s diverse weather conditions, the RV400 features an IP67-rated battery, dual disc brakes, a combined braking system, and adjustable suspension for enhanced safety and comfort across various terrains. Advanced features like geofencing, reverse mode, keyless ignition, and real-time alerts further enhance the riding experience. Riders can also enjoy convenient functionalities such as navigation assistance, call alerts, and remote start through a dedicated mobile app.

Revolt Motors’ entry into Sri Lanka signals a transformative step toward greener transportation, offering riders a sustainable, innovative, and technologically advanced solution for their mobility needs. With its strong vision and robust dealership network, the company is poised to redefine electric mobility in the region.

Currently, the shares of RattanIndia Enterprises Ltd are at around Rs 65.22 per share on the BSE. The company’s current market capitalization stands at Rs 9,015 crore. Additionally, the shares have delivered an impressive multibagger return of over 3,550 per cent in the past 5 years.

As per the Quarterly Results, in the Q2 FY25, RattanIndia Enterprises Ltd recorded a revenue of Rs 1801 crore compared to Rs 1615 crore representing a growth of 11.52 per cent YoY. The company reported an operating loss of Rs 237 crore compared to a profit of Rs 222 crore. The net loss stood at Rs 242 crore compared to a profit of Rs 140 crore.

According to the shareholding pattern of the company, the promoters hold a significant 74.86 per cent stake. FIIs have cut down their stake from 8.42 per cent to 4.83 per cent while DIIs have increased their stake from 0.07 per cent to 0.10 per cent in the recent quarter.

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Disclaimer: The article is for informational purposes only and not investment advice.