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Mahindra Mahindra Takes Majority Stake in REVA Electric Car Co.

Green Car Congress

M&M) is acquiring a majority share in REVA Electric Car Co Ltd. REVA Electric Car Co Ltd. will be renamed Mahindra REVA Electric Vehicle Co Ltd. equity in Mahindra REVA via a combination of equity purchase from the promoters and a fresh equity infusion of over Rs 45 crores (approx US $10 million) into the company.

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History of Electric Vehicles in India

Get Electric Vehicle

Anyos Jedlik built an electric motor in 1828, and he used it to make the first miniature electric car. It had an AC induction motor and a 96V lead-acid battery pack as its power source. MEML was closed in 2004 due to a lack of demand. Do we, however, have any knowledge of the history of electric vehicles? The Future.

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