Mahindra Reva Electric Vehicles Pvt. Ltd., a part of the US$15.4-billion Mahindra Group, formally inaugurated its manufacturing facility, the first platinum rated automobile facility in India. At the ceremony, Anand Mahindra, Chairman and Managing Director, Mahindra Group described the Group’s vision of the “future of mobility”.
Mahindra Group articulates the future of mobility using 5 Cs: Clean, Convenient, Connected, Clever and Cost Effective. Mahindra Reva also introduced a range of of technologies, all of them directly inspired by the vision of the future of mobility.
Among these are ‘Quick2Charge’, by which the car can be charged in 15 minutes to run 25 km; a personal charging unit called ‘Sun2Car’; and ‘Car 2 Home’ to use energy from the car to power a house.
Mahindra Reva was founded in 1994 as the Reva Electric Car Company, a joint venture between the Maini Group of Bangalore and AEV LLC of USA. Reva focused on creating affordable electric cars through advanced technology and launched its first model in India in 2001 and in London in 2004.
In May 2010, the US $15.4 billion, 144,000-employee Mahindra Group acquired a majority stake in the company, which was renamed Mahindra Reva Electric Vehicles Pvt Ltd.