Now, own an EV without the shock of a fat down-payment

You must have heard about Software as a Service (SaaS) or Platform as a Service (PaaS), but have you heard of Motorcycle as a Service (MaaS)? In a first of its kind, electric vehicle maker Revolt Intellicorp will offer customers its two products — RV300 and RV400 — at Rs 2,999 and Rs 3,499 per month, respectively, inclusive of service and warranty.

Whether it’s wear and tear, tyres or even the brake pad, everything would be replaced free-of-cost in this monthly cost of ownership, Rahul Sharma, Founder of Revolt, told BusinessLine, adding that one bike would be available to only one individual based on his or her Aadhaar card, so that the motorcycles are not used for commercial purposes.