IIT-Madras-incubated Revoh Innovations, an EV sub-components manufacturing company, announced that it has raised $425K in seed round from Nexzu Technologies and Whiteboard Capital.
The company plans to expand the team size and focus on developing specific products that cater to the current needs of the Indian EV market. The funds will be utilised to manufacture products with higher power specifications while enhancing existing products by incorporating advanced features.
It is developing technology solutions for motor controllers to enhance the efficiency of electric two/ three-wheelers. The company has around 75 clients worldwide, ranging from multinational corporations to startups.
Vignesh Durai, CEO, Revoh Innovations, said, “The funding that we have received goes into the expansion of the company and recruiting special talents that can provide superior skills and extraordinary workmanship. Further, we are also planning to venturing into the high-power controllers segment soon.”