The long-term object of ReVolt Electric Motorbikes is to become a leader in the production of electric motorbikes as daily drivers in the developing economic regions of the world were motorcycles, scooters and mopeds are the primary mode of transportation. The current global market for motorcycles, scooters and mopeds is approximately 130 million units per year resulting in $120 billion in annual sales. As per capita income in developing economic regions continues to improve, motorcycle, scooter and moped sales are correspondingly expected to grow. Global automobile sales in 2018 is expected to reach just 80 million units.
India! Soco rebadging as "Revolt". Wow., page-9
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