• Apr 5, 2010
Reva NXR – Click above for high-res image gallery

India's Economic Times spoke to "a person with direct knowledge" of a potential deal between electric car company Reva and Mahindra & Mahindra to learn that we might soon hear about a partnership that would either see Mahindra take a majority stake in Reva or there being some sort of strategic alliance between the two companies. Apparently, Global Environment Fund and Draper Fisher Jurvetson, which invested about $20 million in Reva back in 2006, are looking to get out of their involvement. Mahindra and Reva have both either denied the story or have said they won't comment on "speculative stories."

One number in the ET report that might be of interest: Reva has sold around 3,500 of its electric quadricycle (known as the G-Wiz in the UK) since launching it in 2001. Reva's upgraded NXR electric car has been delayed by about a year to late 2010. Mahindra, for its part, is scheduled to launch an all-electric version of it's Maxximo this October.



[Source: The Economic Times]


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    • 1 Second Ago
  • 3 Comments
      • 4 Years Ago
      And together, they STILL won't be able to meet US crash standards... Brilliant!
      • 4 Years Ago
      Why does the car have such a large grill? Styling. The car looks good in the flesh and it drives well too: I drove it last September in Frankfurt. It is more spacious for front seat passengers than a Mitsubishi iMiEV and has better primary ride too.

      REVA have one of the most experienced electric vehicle R&D centers in the world. I visited it last March (2009) when the NXR was in development. I've visited several electric vehicle R&D departments over the years and I doubt that most of the major manufacturers have larger teams devoted to electric car development than REVA.

      The new NXR will conform to US crash test standards. There is a very strong possibility that the REVA NXR will be manufactured in the United States in the near future - and that is not as a NEV, it's as a full car.
      • 4 Years Ago
      Why does this car have such a large grill? It is an EV, right?

      Neil