Mahindra Reva among Top 50 most innovative global companies

Bangalore, February 20, 2013: Mahindra Reva Electric Vehicles has been listed among the Top 50 Most Innovative Companies of 2013 featured in ‘Fast Company’ magazine listing. The company has been ranked at number 22 for its innovative contributions to the global electric vehicle industry. The Fast Company listing features businesses that are creating the greatest impact across their industries and culture as a whole.

Mahindra Reva, the sole Indian company in the Top 50, is listed along with other globally renowned companies like Nike, Apple, Google and Samsung.

The listing comes at a time when the company is all set to launch its next-generation electric car, the E2O, in March 2013. Fast Company has highlighted the E2O’s smart phone powered ‘Emergency Electric Boost’ as one of the coolest features in the car.

The e2o will use next-generation lithium ion batteries and have a range of 100km per charge, which is adequate for most daily journeys within the city. The e2o will enable users to charge their vehicle through any 15 ampere plug point at home, or at the workplace.

Commenting on the ranking, Anand Mahindra, chairman, Mahindra Group, said: "Mahindra Reva featuring among the world's top 50 most innovative companies is a tribute to Chetan Maini and the team at Mahindra Reva. Our vision of the Future of Mobility depends on our ability to harness clean energy not only to power, but also produce a new generation of clean vehicles. Mahindra Reva is a global leader in addressing both these important issues.”

Chetan Maini, founder and chief of Strategy & Technology, Mahindra Reva Electric Vehicles (pictured), said: “It is a matter of honour and great pride to be featured in such a prestigious global list. This recognition is testimony to our unrelenting efforts and contribution to the electric vehicle industry. I would like to thank everyone who supported us on this journey. We will continue to keep our innovation quotient high, strive to achieve our vision of the future of mobility and our upcoming product offerings like Mahindra E2O will provide ample proof of our innovation thrust.”