Electric vehicles company Revamp Moto, which shot into prominence after its founders appeared on reality TV show Shark Tank India, is in talks with investors to raise $3-3.5 million as it looks to bring to market its first model and finish the development of the second.
The round will be led by a Dubai-based investor, said Pritesh Mahajan, a co-founder. The company is also in talks with multiple Indian venture capitalists and another Dubai-based real estate player for the round for raising funds.
