ICT & IoT devices-based distribution company, Panache Digilife has signed a manufacture and supply agreement with Revamp Moto for their modular electric vehicles (EV) in the Indian market.
Revamp Moto is a Nashik-based start-up engaged in the development of electric vehicles based on its modular utility platforms intending for accelerating the transition to a zero-emission society.
With this association, each party will be focusing on building its own strengths with Revamp Moto working on new product development (NPD), research and development (R&D), new technologies, and generating IPs.
Panache will focus on product assembly, process optimization, and indigenization of components which makes it a foray in the Indian EV market.
This alliance will help both Revamp and Panache focus on their specific domains to indigenize EV manufacturing and assembly of these products which would not just bring a great deal of transparency but would also speed up the process significantly.
Amit Rambhia, chairman and managing director, Panache Digilife, said, Revamp Moto’s bold and innovative approach to designing and building electric vehicles that have yet to be seen before in the country makes them the ideal partner for Panache.
With this association, Panache makes its entry into the world of electric mobility and also advances our expertise in providing contract manufacturing solutions. We are delighted to be working with Revamp Moto and will look to combine our efforts to shape the future of mobility not just in India but with products that are ‘Made in India’.
Panache Digilife is an NSE-listed ICT and IoT devices design, manufacturing, distribution and services company.
Panache offers solutions around smart computing devices, wmart & AI-based digital classrooms, smart asset management, retail IoT, healthy living solutions, AV display and pen display solutions and other contract manufacturing OEM/ODM.
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