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<ul><li><keyword id="12006311" type="General" weightage="20" keywordseo="revos-plans" source="Orion">Revos plans</keyword> to set up a million <keyword id="6116214" type="General" weightage="20" keywordseo="ev-chargers" source="Orion">EV chargers</keyword> across 500 cities over the next three years.</li><li>Union Square Ventures and Bengaluru-based Prime Venture Partners participated in its Series A round.</li><li>It has deployed over 10,000 devices in 30 OEMs across India, China, Vietnam, Nepal and Egypt. </li></ul>Bengaluru-based startup <keyword id="12003975" type="General" weightage="20" keywordseo="revos" source="Orion">Revos</keyword> on Thursday, September 2, announced that it has raised $4 million to build a million electric vehicles (EV) chargers across 500 cities over the next three years. The company will tap into expansion opportunities in both India and other emerging markets. Launched only two years ago in 2019, Revos has set up over 10,000 devices — especially electric two-wheeler and three-wheeler chargers — in 30 original equipment manufacturers (OEMs) across India, China, Vietnam, Nepal and Egypt. The company will use this capital to deploy these EV charging infrastructure across the country and also strengthen its technology team with more hires. Revos’ Series A funding round witnessed participation from US-based Union Square Ventures (USV) and Bengaluru-based Prime Venture Partners (PVP). This is Union Square Ventures’ first investment in India and Prime Venture Partners’ first investment in the EV space. “The move to EVs is essential and inevitable. India runs on two/three wheelers. Making recharging available “anytime, anywhere” was pivotal to the penetration of mobiles in India. We believe Revos is well positioned to trigger a similar inflexion in the EV market,” said Sanjay Swamy, managing partner of Prime Venture Partners. Revos was founded in 2017 by Jyotiranjan Harichandan and Mohit Yadav. “Revos is not only creating the largest charging infrastructure to support EVs but also building a world class OS [operating software] to make EVs smart, safe, connected and ready for the future,” Harichandan said in a press note. The company’s name stands for Revolutionary EV Operating Stack (REVOS). It is an artificial intelligence (AI)-integrated platform that allows EVs to communicate with each other. It enables EVs to have connected features like on-bike navigation, diagnostics, smart alerts and anti-theft lock. The company relates itself to ‘Android for EVs’ and allows EV manufacturers to build smart mobility features on top of the software developed by Revos. Revos is also piloting a peer-to-peer (P2P) charging infrastructure named Bolt that will be compatible with any portable EV charger that comes with each respective vehicle. The charger will work with existing AC power supply at home and establishments. "This fundraiser is a very important step in our journey. We are focused on democratising the technology for EVs and chargers so that anyone can build a smart EV or participate in building the P2P charging network,” Yadav, co-founder of Revos, said in a press note. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/uber-has-ola-zomato-has-swiggy-but-whos-urban-company-competing-with/articleshow/85835674.cms">Uber has Ola, Zomato has Swiggy but who’s Urban Company competing with?</a> <a href="https://www.businessinsider.in/investment/news/doge-meme-nft-is-being-auctioned-off-in-17-billion-pieces/articleshow/85833023.cms">The most expensive meme NFT ever sold will be auctioned off in 17 billion pieces tonight </a> <a href="https://www.businessinsider.in/business/corporates/news/icici-bank-becomes-the-sixth-valuable-firm-after-ril-tcs-hdfc-bank-infosys-and-hul-in-india/articleshow/85828220.cms">ICICI Bank becomes the sixth valuable firm in India with over ₹5 trillion mcap after RIL, TCS, HDFC Bank, Infosys, and HUL</a>

This Bengaluru startup is looking to set up 1 million EV chargers in next three years, raises $4 million

<ul class="summary-list"><li>Revo Foods is <a target="_blank" href="https://revo-foods_1.prowly.com/263265-3d-printed-vegan-salmon-filet-expands-its-reach-across-europe">the first company to sell 3D-printed vegan salmon fillets,</a> now available in Europe.</li><li>Some $400 million has poured into startups making seafood from plants and fish cells.</li><li>Entrepreneurs said alternative seafood could reduce overfishing and microplastic pollution. </li></ul>The market for 3D-printed products includes homes, furniture, and footwear. Now we can add salmon to the list, at least in Europe.The foodtech startup Revo Foods in September <a target="_blank" href="https://revo-foods_1.prowly.com/263265-3d-printed-vegan-salmon-filet-expands-its-reach-across-europe">became the first company to sell 3D-printed vegan salmon filets</a> in select grocery stores in Vienna, Austria, and opened an online shop that ships the product to most European countries this month."It flakes very nicely into layers just like salmon," Robin Simsa, the CEO of Revo Foods, told Insider. "It also has a similar taste, but like any meat alternative, it's not 100% the same."This marks a milestone for the nascent alternative-seafood industry, which is testing an array of ingredients and technologies to make products that don't harm ocean ecosystems. Some startups are developing plant-based options, while others are growing fish cells in a lab. For its part, Revo Foods' 3D printer layers "mycoprotein" made from mushroom roots with plant-based fats to mimic the texture of real salmon.Investors have poured <a target="_blank" href="https://www.fishfarmingexpert.com/alternative-seafood/alternative-seafood-pioneers-have-raised-178m-this-year/1146830">upward of $400 million</a> into the alternative-seafood startups in recent years — including $7 million in Revo Foods. But no company is making massive amounts of it yet. And the biggest question remains largely untested: Will people buy it?Over the past several weeks, Simsa said Revo Foods' vegan salmon has sold out within hours of hitting store shelves. But many of the comments <a target="_blank" href="https://www.youtube.com/watch?v=A3DsDPa5HRs">below a YouTube promotional video</a> were critical of the premium price and the idea of printing food.Revo Foods sells 130 grams, or about 4 ½ ounces, of its vegan salmon for 7 euros, or about $7."Why would I eat fake salmon that's more expensive than real salmon?" one commenter asked. Another said they'd rather be in a nuclear apocalypse than eat the vegan filets. The reactions <a target="_blank" href="https://www.instagram.com/p/CxK28btt7vv/">were more positive</a> on Instagram, however.Simsa said the price will drop as Revo Foods automates more steps in the process outside of 3D printing and produces larger volumes. He acknowledged that people are skeptical of the technology but said it isn't unlike other industrial machinery that already makes chocolate and snacks. Barilla is already selling 3D-printed pasta.There's also the sustainability angle.Salmon is considered one of the healthiest things to eat and fish in general have <a target="_blank" href="https://ourworldindata.org/food-choice-vs-eating-local">a much lower carbon footprint than beef</a>, a well-known contributor to the climate crisis because of methane emissions from cattle and the vast amount of land required to raise them.Still, around one-third of global fish stocks are overexploited, <a target="_blank" href="https://www.fao.org/3/cc0461en/online/sofia/2022/status-of-fishery-resources.html">according to the United Nations</a>. And fishing nets are a major source of ocean microplastics, which scientists say <a target="_blank" href="https://www.businessinsider.com/microplastics-discovered-in-human-blood-for-the-first-time-2022-3">are increasingly being found in humans</a>."Ultimately, people want to be excited about a product. We have to capture their imaginations," Christopher Bryson, the CEO of New School Foods, told Insider. His startup is developing its own plant-based whole salmon filet using a novel freezing technology and <a target="_blank" href="https://www.businesswire.com/news/home/20230202005290/en/New-School-Foods-Unveils-Scalable-Muscle-Fiber-and-Scaffolding-Technology-for-Whole-cut-Meat-Alternatives">has raised $12 million</a>."If people made decisions based on health and the planet, we'd all already only be eating tofu," Bryson said.

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This Bengaluru startup is looking to set up 1 million EV chargers in next three years, raises $4 million

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3D-printed vegan salmon hits the European market

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