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Turns out, "a person with direct knowledge" was right. Mahindra and Reva announced today they have teamed up to form a new company called Mahindra Reva Electric Vehicle Company that will see Reva's electric powertrain technology put into Mahindra & Mahindra vehicles. Mahindra will also take a 55.2 percent equity in Reva Electric Car Company and has invested about $10 million in the new company. New corporate details are available after the jump, but what we care about is what this might m

Reva NXR – Click above for high-res image gallery

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