The collaboration between Revamp Moto and NACOF Oorja will see both parties work with their financial partners to provide easy access to tailored and affordable financial products for farmers.
Revamp Moto, a modular electric two-wheeler manufacturer, has announced the signing of a Memorandum of Understanding (MoU) with NACOF Oorja to enhance rural and agricultural mobility by introducing innovative, sustainable, and cost-effective electric vehicle solutions in rural and agricultural sectors.
NACOF Oorja is a renewable energy developer and operator engaged in the design, consultancy, integration, supply, installation, commissioning, and maintenance of off-grid and grid-connected solar power plants.
The collaboration between Revamp Moto and NACOF Oorja will see Revamp Moto leverage NACOF’s more than 8 crore farmer network to market and distribute Revamp Moto’s portfolio of best-in-class electric vehicles, reaching a wider audience of micro-entrepreneurs in rural and agricultural India.
Ram Iqbal Singh, Founder and Chairman of 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, “By bringing the Revamp Moto portfolio closer to farmers and rural entrepreneurs, Revamp Moto and NCAOF Oorja are proud to provide rural entrepreneurs with the platform to bring their vision to life.”
The NACOF Centers would provide microentrepreneurs with accessible business opportunities, facilitated by Revamp's versatile modular utility vehicles. These ‘Made in India’ modular EVs will be made available with swiftly swappable co-branded attachments, namely the front box, goods carrier box, cage rack, side rack, flat rack, and carrier.
The collaboration between Revamp Moto and NACOF Oorja will see both parties work with their financial partners to provide easy access to tailored and affordable financial products for farmers and rural businesses to facilitate the purchase of Revamp Moto’s electric vehicles by NACOF members, including subsidies, loans, and leasing options.
The transportation and logistics needs of various cooperative members of NACOF as well as several affiliated businesses will be met using the highly sought-after portfolio of Revamp Moto's Electric Vehicles. Revamp Moto will bring its state-of-the-art fleet management solutions and leverage integrated IoT technology to enable real-time vehicle tracking, performance monitoring, and data analytics, thereby enhancing operational efficiency and safety across the fleet. The modular EV manufacturer will also offer service support and training for the maintenance and operation of the vehicles.
This association will go a long way in helping Revamp Moto achieve its mission of empowering and impacting 1 million lives by 2028 through its innovative and highly sustainable mobility solutions to help increase and improve the productivity and efficiency of microentrepreneurs like farmers. As per the terms of the MoU, the collaboration between Revamp Moto and NACOF Oorja will help build the customer base for both organisations through the mutual agreement to promote each other’s brands through their established networks.