Mahindra buys Electric Car Company

The massive Indian industrial giant Mahindra & Mahindra Ltd. has made a key move into the EV world, by taking a majority stake in the REVA Electric Car Company Ltd. Bangalore.
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REVA opened its doors in 1994, and is a joint venture between the Maini Group of Bangalore, India and AEV LLC of California in the US.

And while you may not have them previously, the fact is, REVA already has a wealth of experience in the electric car business.

With more than 3,500 EVs on the road in 24 countries across Europe, America and Asia, REVA is responsible for the largest fleet of electric vehicles in the world today.

To date, the REVA EVs have clocked up more than 100 million kilometres of user data making them a real powerhouse when it comes to electric vehicle solutions for the here and now.

In 2009 at the Frankfurt Motor Show the company launched two new EVs the NXR and NXG along with REVA’s own proprietary REVive remote emergency charge system.

When General Motors introduced their own Chevrolet e-Spark at the Delhi Auto show earlier this year, GM’s EV platform was powered by REVA.

It comes as absolutely no surprise that Mahindra chose to partner up with REVO, who as a leading technology company specialising in electric vehicle systems, has won more than its fair share of awards for outstanding achievement in this rapidly growing mode of transport.

The prestigious consulting company Frost & Sullivan awarded REVA their “European Powertrain Company of the Year in 2008 and was named one of India’s ‘Cool Companies” by Business World Magazine. It also picked up the recently awarded Green Car of the Year by a host of high profile media companies including the undisputed leader in India’s business news space CNBC-TV18 and Overdrive (India’s number one car & bike magazine).

Mahindra too hasn’t exactly been loafing about when it comes to green technologies.

They have spent the last 10 years developing diesel hybrid technology for its 4WD Scorpio and Hydrogen powered Alfa three-wheelers.

They also have a fleet of 50,000 micro-hybrids on the road in India and are also developing an electric version of the Mahindra mini-truck, the Maxximo.

We’ll keep you posted on the newly named Mahindra REVA cars, as frankly, they don’t look too bad.