[tweetmeme] Recently I stumbled upon a map created by Green2Tech which highlights the best Green Tech startups, and incidentally the only company worthwhile mentioning on the entire eastern hemisphere is a startup in Bangalore, India. Again, India, whoo hoo. More information about the company and its relevance after the map below :
Reva, the Indian electric car company, with its namesake vehicle, was the startup from Bangalore that was mentioned in the list. I am as intrigued as you are about this. If you haven’t heard of Reva, you’re about to. The Bangalore-based company’s cars are getting popular in congested urban areas (like Delhi and London), and are gaining traction in island destinations (like Cyprus), where vehicles with shorter ranges and low environmental impact are particularly attractive.
With the governments of Italy, Japan and the UK offering strong incentives for buyers of EVs (the US is catching up, and Reva is testing that market as we speak), Reva is looking to the future. It’s researching lithium-ion and lithium polymer batteries to extend range and increase performance. And its cost is relatively low — $9,000 for a range up to 80 kilometers (about 50 miles) per battery charge, according to the New York Times.
Reva got its start in 1994 as a joint venture between the Maini Group India and California-based AEV LLC, and after an extensive R&D period, its first commercial vehicle went to market in India in 2001. More recently, Draper Fisher Jurveston invested in the fledgling brand, and led a $20 million round of financing for the company in 2006. It’s about time the Indian electric car company, which has one of the best-selling electric vehicles in the world, opted for a few higher-end, better-performance options.
….Reva is launching a lithium-ion-battery-powered electric vehicle for the European market, along with a fast-charging station that can charge the lithium-ion battery 90 percent in one hour. According to a press release, Reva’s lithium-ion electric vehicle will be available for pre-order starting this coming February, with deliveries starting in May in Norway, the UK, France, Cyprus, Greece, Spain, Belgium and Ireland.
Another feather in the cap of Bangalore, will be better known the real “green” garden city of India.