A Memorandum of Understanding (MoU) between Revamp Moto and NACOF Oorja was signed to improve rural and agricultural transportation via the introduction of creative, economical, and sustainable electric vehicle solutions specifically modular EVs.
One of the top developers and operators of renewable energy in India is NACOF Oorja. Its services include off-grid and grid-connected solar power plant design, consulting, integration, supply, installation, commissioning, and maintenance.
At a significant launch event, the Memorandum of Understanding was signed in the presence of three Revamp Moto co-founders: Mr. Pritesh Mahajan, Mr. Jayesh Tope, and Mr. Pushkaraj Salunke. Other distinguished guests included Mr. Ram Iqbal Singh, Founder Chairman NACOF, and P. Sureshbabu, Managing Director, NACOF Oorja Pvt. Ltd.
Revamp Moto and NACOF Oorja have partnered to sell and distribute Revamp Moto’s portfolio of best-in-class electric cars, modular EVs to a larger audience of micro-entrepreneurs in rural and agricultural India.
Revamp Moto will make use of NACOF’s more than 8 crore farmer network. NACOF has the unique benefit of having a same number of potential hubs within the NACOF network as Revamp Moto’s Empowerment Centers. This means that by 2028, at least 75,000–1,000,00,000 of Revamp’s electric vehicles (EVs) might be on Indian roads, potentially empowering half a million farmers.
Commenting on the landmark association, Mr. Ram Iqbal Singh, Founder Chairman NACOF said, “NACOF Oorja is dedicated to making a significant impact in the renewable energy sector through pioneering initiatives like India’s first integrated solutions, including Electric Farm Equipment and Specialized Electric Vehicles for Farmers. Our goal is to empower farmers by simplifying their lives.”
Jayesh Tope, Co-founder of Revamp Moto said, “Revamp Moto is delighted to partner with NACOF Oorja to build a new market and set of customers for its modular EVs through one of India’s most effective and well-connected networks. As a leading facilitator making dreams come true for micro-entrepreneurs by allowing them to conduct their business seamlessly and efficiently on the go. By, bringing the Revamp Moto portfolio closer to farmers and rural entrepreneurs, Revamp Moto and NCAOF Oorja are proud to provide rural entrepreneurs the platform to bring their vision to life.”
Also commenting on this momentous partnership was P. Sureshbabu, Managing Director, NACOF Oorja Pvt. Ltd. saying, “With the dedicated efforts of the NACOF Oorja team alongside the entrepreneurial spirit of our youth, we are assured that a bright future awaits us.”
Revamp’s modular utility vehicles, aka modular EVs would make business prospects more available for micro-entrepreneurs through the NACOF Centers. Quickly swappable co-branded accessories, such as the Front box, Goods Carrier Box, Crate Rack, Side Rack, Koolkeep, Portable Powerhouse, Flat Rack, and Carrier, will be offered for these “Made in India” modular electric vehicles.
As part of their partnership, Revamp Moto and NACOF Oorja will work with their financial partners to give farmers and rural businesses simple access to affordable, customized financial products, such as loans, leases, and subsidies, to make it easier for them to buy Revamp Moto’s electric vehicles.
Several linked enterprises and cooperative members of NACOF will use Revamp Moto’s electric vehicle, modular EVs portfolio which is highly sought after, to fulfill their transportation and logistical demands.
In order to improve operational efficiency and safety throughout the fleet, Revamp Moto will bring its cutting-edge fleet management solutions and make use of integrated IoT technology to provide real-time vehicle tracking, performance monitoring, and data analytics.
Additionally, the producer of modular EVs will provide training and service assistance for the upkeep and operation of the cars.
With its creative and very sustainable mobility solutions, RevampMoto aims to empower and affect one million people by 2028. This relationship will play a significant role in helping the company better the productivity and efficiency of micro-entrepreneurs like farmers.
Provisions Under the New MoU
According to the provisions of the Memorandum of Understanding, Revamp Moto and NACOF Oorja will work together to expand their respective businesses’ consumer bases by agreeing to market each other’s brands via their existing networks. By enabling them to do business on-the-go, this will help to deploy at least one lakh cars, which would surely have a significant influence on the lives of well over half a million Indian farmers and raise their productivity, efficiency, and income level.
