Revos Announced The Launch Of BOLT

REVOS, an All-in-One EV Infrastructure Provider, announced the launch of BOLT, the World’s Largest Peer-to-Peer Charging Network, comprising the universal BOLT Charging Point and the BOLT Operating System. Developed with the objective of building a strong EV charging infrastructure, it is India’s first dedicated network of IOT-enabled EV charging points connecting riders across the country. Made-in-India, BOLT is an universal charging point which is compatible with any portable charger that comes with EVs and works with the existing AC power supply at home and commercial establishments. BOLT charging points are available to buyers at a launch price of INR 1 from 29th October 2021 until the end of December. In the next two years, REVOS aims to install more than One Million BOLT charging points across 500 cities in India & other emerging markets.

Anyone, and not just the EV owner, can buy & install BOLT in their shops, garages, RWAs, commercial parking spaces, etc. for riders and use it ubiquitously to generate passive income and establish a denser charging network. Installing BOLT requires no additional infrastructure and can be done in under 30 min with little to no maintenance. The charging units come with an energy calculator to monitor the power consumption and gives the buyer access to a lifetime of passive income. BOLT owners can choose to switch the device status between ‘Public’ and ‘Private’, where ‘Public’ charging points are open to the public and are available for booking on the BOLT app. The charging points marked as ‘Private’ are exclusively for the use of device owners. In the pre-launch phase, thousands of BOLT charging points have been installed across 60 different cities in India with an installed capacity of over 3,600KW. 

The BOLT Operating System is a revolutionary, patent-pending, modular & customizable system that can be easily integrated to turn any EV into a smart and connected vehicle. Riders can locate the nearest charging point on the REVOS BOLT mobile app, scan the QR code, use the charger on demand and pay per use. An hour of charge on the BOLT gives riders a day’s range for their EV. Once the EV integrates with the BOLT OS, riders can access features such as navigation and notification alerts directly on the bike without the need for a smartphone. It keeps the rider safe with an inbuilt accident detection and emergency SOS technology. When the EV is not in use, the anti-theft locking and find-my-bike tracking technology prevent the EV from being stolen. BOLT is breaking the myth around range anxiety among riders and is enabling them to switch to an EV with a fast, smart, safe and connected network. 

Pegged as the Android for EVs, the BOLT OS can be integrated very seamlessly into existing processes and improves the go-to-market timeline for the manufacturers. Once integrated with EVs, there is no need for a new product cycle to improve the product as BOLT OS offers over-the-air updates. The OS has been deployed in 10,000 devices (EVs + charging points) with 30 OEMs across India, China, Vietnam, Nepal, and Egypt. The company is planning to launch soon in Europe and other parts of SE Asia.

Two and three-wheelers form a significant part of India’s motorised road transport and estimates suggest that two and three-wheelers constitute about 83% of all vehicles in India. Recent EV sales shows that the rate of adoption of electric two-wheelers is much higher than that of electric four-wheelers. As per recent reports, electric two-wheeler sales in India recently stood at 13,345 units for July 2021, witnessing a massive 229% month-over-month jump and a 836% year-over-year leap in registrations. India is also among a handful of countries that support the global EV30@30 campaign, which targets to have at least 30% new vehicle sales to be electric by 2030. To support this rapid pace of commercial adoption of electric two and three wheelers, availability of a robust public charging infrastructure will be a crucial factor. REVOS charging infrastructure aims to fill the gap in charging infrastructure by building an “on-the-go” charging network which will make charging EVs as easy and convenient as charging one’s mobile phone today. 

Mohit Yadav, Cofounder, REVOS said“The transition to electric mobility is extremely important for decarbonising the transport sector and building a greener earth for future generations. A robust and pervasive charging infrastructure is key for rapid adoption of EVs in India. The PCO box revolutionised the telecom industry by making it available to the masses. BOLT is aiming to do the same for the EV industry by being ubiquitous; just like the yellow phone box, we envisage the green BOLT charging points in every nook & corner of the country. We are bullish about BOLT and its possibilities in making EVs smart, safe, connected and ready for the future.”