Archive for the ‘Reva’ Category

REVA interested in Fiat’s Sicily Plant

With this move, REVA could produce electric cars from Italy as well

Fiat’s Sicily plant which once was believed to have attracted attention from Tata Motors, is now being connected to the world’s largest electric vehicle makers REVA.

The REVA Electric Car Company wants to franchise its business. It wishes to setup plants across the globe rather than having one base.

Keith Johnston, Reva Electric car company -

Our strategy is to regionalize the assembly of electric cars, and we are seeking venture partners who can access expertise and funds around the world. We are involved in several early stage discussions and no decision has been taken with regards to locations or partners

Reports indicate REVA could jointly bid for the plant with Simone Cimino, a Sicilian financier.

The Sicily plant produces Fiat Panda and Lancia Musa. Fiat has decided last year to shut down this plant as production costs rocketed towards the moon. Some 2,500 employees are said to be affected by this move.

The Sicilian government is keen to reduce dependence on oil and its agenda is mostly got to do with electric vehicles and setting up a proper infrastructure for them.

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Entry posted on January 27th, 2010 and filed under Reva

REVA trucks and buses to follow shortly

Reva_NXRREVA wants to license EV technology to global CV manufacturers

After trying numerous experiments with passenger cars and electric equipments, REVA is now trying its hand in electrifying the commercial vehicle business.

Similar to the GM-REVA deal, the company is in talks with global commercial vehicle manufacturers for licensing its technology and tie-ups.

REVA is said to have a fully functioning prototype of an electric bus in its facility. It is trying to transplant versions of its technology into three wheelers, buses and commercial vehicles.

Chetan Kumar Maini, deputy chairman and chief technology officer, Reva -

We are in talks with global commercial vehicle makers, including domestic CV players, for technology licensing tie-ups and expect at least five such partnerships to shape up by 2013

REVA is eying satellite plans through a franchisee model in US, Europe, Australia and South East Asia. Instead of concentrating on production in one location, REVA looks to attack key areas on globe with regional plants which will have an annual capacity of about 5,000 vehicles.

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Entry posted on December 29th, 2009 and filed under Electric vehicles, Reva

Northern Lights Energy and REVA in Europe/Iceland agreement

Reva_NXRReva NXR will be sold in Iceland by Northern Lights Energy

Northern Lights Energy (NLE) and the world’s largest maker of EVs Reva Electric Car Company (RECC), have joined hands to explore the electric vehicle market in Iceland.

According to the signed agreement, NLE holds exclusive distribution rights for the Reva NXR in Iceland. The Reva NXR goes reaches customers in Iceland in the middle of next year.

RECC is also considering the possibility of installing a manufacturing plant for its EVs in Iceland. It will use this facility to supply cars to the various countries in Europe.

Gisli Gislason, Chairman of NLE -

Iceland, with its advanced electric grid technology that uses 100% renewable energy in electricity production is a perfect location for zero-emissions electric vehicles

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Entry posted on November 17th, 2009 and filed under Reva

Reva heads to Dubai to clean the atmosphere and perceptions

REVA_DubaiThe tiny Reva is attempting to make a big impact with its eco-friendly nature

Our good friend Reva has been shipped to Dubai to take part in the ‘Green Car Programme’. The car has been gifted to the Dubai Municipality for three days by SS Lootah Company, which is associated to Reva. The idea is to give the municipality officials a peek into electric vehicles which don’t affect the environment as much as conventional fuel vehicles.

The car, parked at the entrance of the main building of the Municipality, is pitching to the officials. It is trying to make a case for itself and help the body spread the message of eco friendly automobiles.

‘The Green Car Programme’ initiative was taken to achieve a Dubai with a much cleaner environment. An EV can be used by any strata of the Dubai population, and that’s the message the Reva is out to convey.

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Entry posted on October 24th, 2009 and filed under Electric vehicles, Reva

Report – Reva plans to sell NXR EV in US starting next year

Chetan_Maini_REVA_NXRChetan Maini with REVA NXR at Frankfurt 2009; the NXR will soon be sold in US

Bangalore-based Reva Electric Car Company could follow the footsteps of Mahindra and become the next Indian company to assemble cars in the US. Reva has been charting out plans to assemble the next generation NXR in New York by next year.

Reva is planing to assemble its plug-in 3-door hatchback through a joint venture with New York-based electric car maker Bannon Automotive.

This project is expected to be built on an investment of over $38 million with $11.6 million funding arriving from the local New York State as incentives for the eco-friendly projects. If this project comes through, it will be the first dedicated production line in America for electric vehicles.

Senior Reva executive -

We are exploring all options and would be working in many international markets to export and manufacture our cars. Talks are on to license the technology that can open new revenue stream for the company

The Reva NXR will be powered by Lithium-Ion batteries that will enable it to reach a top speed of 104kmph. It will be able to cover 160kms in a single charge. Reva will ship CKDs to New York where it will be assembled and distributed.

Reva is increasing its annual production capacity to 30,000 units at its Bangalore plant. It plans to export CKDs to Europe and other nations in South East Asia.

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Entry posted on October 23rd, 2009 and filed under Reva
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