REVA Drives into Costa Rica

REVA Electric Car Company (RECC) entered the Costa Rican market with the launch of the REVAi electric car. President of the country, Dr. Oscar Arias formally launched the car at the National Institute of Biodiversity (INBio) on March 13, 2009. Prominent ministers and officials from the government and representatives of the automotive industry were present at the launch. Vehiculo Electricos Company will import and distribute the REVA cars in Costa Rica. Costa Rica aims to be the first carbon neutral country.

Having test driven the REVAi during the launch, President Dr. Oscar Arias said, ?REVA is noise-free, pollution free and is also economically efficient. It is nice that REVA chose Costa Rica to launch in Central America, since this is a country with a tradition of environmental protection."

Addressing the dignitaries, Costa Rica President Dr. Oscar Arias stressed ?Climate change is extremely threatening to humanity and we need to stop emitting large amounts of carbon dioxide into the air. REVAi is the ideal solution and is the need of the hour."

The launch of the REVAi reiterates the Costa Rican government's initiatives with a strong political commitment to fight environmental degradation processes and their efforts towards reducing emissions in Costa Rica. The REVAi launch was widely accepted by the academic sector and environmental organizations as a joint effort by the Costa Rican government and REVA Electric Car Company to reduce the impact of emissions that prove damaging to our health and the environment.

Chetan Maini, Deputy Chairman & CTO, RECC, complimented the efforts of the Costa Rican Government and said, ?Costa Rica has always been extremely dedicated to protecting the environment and the launch of the REVAi is another step towards combating climate change. We have received a lot of interest in the REVA from the markets in Central America and the launch in Costa Rica will help drive the REVA into other markets in the region.?

With considerable success in European and Asian markets, REVA is now gearing up for a stronger road presence in Costa Rica.

About REVA Electric Car Company Pvt. Ltd:

REVA is the brand of the REVA Electric Car Company, a Bangalore-based company formed as a joint venture between Maini Group ofIndiaand AEV LLC of California and venture-backed byUSinvestors Global Environment Fund and Draper Fischer Jurveston.

REVA has been acclaimed by popular corporate magazine inIndia- Business World - in 2006 as one of theIndia's ?Cool Companies? and technology innovator. It is the first company worldwide to successfully commercialize electric cars.

Today REVA is selling or test marketing in 21 countries across Europe andAsia, Latin & Central America and has the largest deployed fleet of electric cars on the market with over 3000 EVs on the road and more than 65 million kms of user experience.

In recognition of its technology leadership REVA is the recipient of the Frost & Sullivan 2008 Automotive Power train Company of the Year award.