NASHIK: Altair India, a US-based multinational company, is affiliated with the Automotive Research Association of India, Federation of Indian Industries (CII) and IIT Madras. These organisations jointly organized the national level “Altair Startup Challenge”. In this competition, Revamp Moto, a Nashik-based startup created by alumni of Wagh Engineering Education and Research Institute, has achieved spectacular success and has made its place in the top 20 electric vehicle startups in the country.
More than 150 startups from across the country participated in the competition. The joint venture startup of Jayesh Tope along with co-directors Pritesh Mahajan and Pushkaraj Salunke, Revamp Moto is a startup doing remarkable work in the field of modular heavy-duty electric two-wheelers. Revamp Moto has introduced an innovative concept of a versatile two-wheeler with market demand and modular design.
It is from this that Revamp Moto intends to develop the concept of Smart Vehicle Age Asset (SVA) for unorganized vendors, traders. This success in the competition will enable them to access a number of advanced software designs and analyzes in the industrial sector through Altair.
The estimated cost of the software is Rs. 1 crore. The software will be used to improve the quality of the bike, said co-founder of Revamp Moto Jayesh Tope. According to the director of Revamp Moto, a prototype model of the bike is ready and tests are currently underway. Work is also underway on quality improvement, ease of use, fair market prices and other aspects.