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VoltUp and Revamp Moto to deploy 40,000 electric two-wheelers, investing ₹750 crores in battery-swapping and sustainable mobility for gig workers.
Date: January 8, 2025
Mumbai - VoltUp., a brand of Ampup Energy Private Limited, has partnered with Revamp Moto., an Automotive Ev startup, to deploy 40,000 electric two-wheelers over the next two years. The collaboration includes an investment of ₹750 crores to develop infrastructure and expand its network for enhanced last-mile mobility solutions.
This partnership seeks to tackle challenges faced by delivery executives and gig workers, including high operating and maintenance costs of fuel-powered vehicles. VoltUp MaaS platform offers a pay-as-you-go model for electric two-wheelers, cutting the Total Cost of Ownership (TCO) by up to 76%.
Revamp Moto electric two-wheelers will integrate with VoltUp's 24/7 battery-swapping infrastructure, offering features like real-time tracking, range estimation, and swap station locators through the VoltUp app. Designed for gig workers, these vehicles prioritize durability and ergonomics. VoltUp's IoT fleet management and AI-driven network intelligence optimize efficiency, making electric mobility more accessible and reliable.
Mr. Siddharth Kabra, Founder & CEO of VoltUp, said, "Our collaboration with Revamp Moto represents a significant step in improving Mobility as a Service (MaaS) in India. With the last-mile gig workforce expected to grow by more than 20% in the coming years, our MaaS solutions are designed to meet the specific needs of delivery agents, gig workers, and small business owners. By integrating advanced battery-swapping infrastructure with reliable vehicles, we aim to offer cost-efficient and uninterrupted operations, ultimately contributing to a scalable and sustainable electric two-wheeler ecosystem."
Mr. Pritesh Mahajan, Co-founder of Revamp Moto, said, "At Revamp Moto, our goal is to empower society by providing sustainable and adaptive mobility solutions. Through this partnership with VoltUp, we plan to deploy 40,000 electric two-wheelers across India over the next three years. By combining our durable, innovative vehicles with VoltUp’s advanced battery-swapping infrastructure, we aim to create a reliable and efficient mobility ecosystem that benefits gig workers by improving their income, comfort, and convenience while contributing to the transition toward clean energy solutions."