Rahul Sharma, one of the co-founders of homegrown mobile handset maker Micromax, on Thursday introduced an Artificial Intelligence (AI)-based electric motorcycle that will hit the roads in June this year.
“I have always wanted to get into the smart mobility sector. I had even met many global players to foray into the segment...[and] also considered investing in some of the existing companies making electric vehicles, but it did not materialise,” Mr. Sharma said.
With the new venture — Revolt Intellicorp Pvt. Ltd. — Mr. Sharma is eyeing a double-digit share of the Indian market in which over 21 million two-wheelers are sold annually. The firm is wholly owned by him. Mr. Sharma had started the venture with personal investment of about ₹500 crore.
Two-year spadework
Stating that the upcoming AI-enabled electric motorcycle will be on a par with conventional motorcycles in terms of performance, Mr. Sharma said his team had been working on the product for the last two years.
Talking to The Hindu, he hinted at introducing a range of connected devices and accessories as well. He did not share the details.