Mahindra Reva, founded in 1994 as REVA Electric Car Company, a joint venture between the Maini Group of Bangalore and AEV LLC of USA, the company was acquired in May 2010 by the Mahindra Group of India. Mahindra Reva is a pioneer in EV (Electric Vehicle) technologies and is one of the first companies to introduce electric vehicles worldwide. In 2001, Reva Electric vehicle was launched in Bangalore and in 2004, in London. In September 2009, the company had unveiled the 4-seat REVA NXR and the 2-seat REVA NXG at the Frankfurt Auto Show. Currently, Mahindra Reva is headquartered at the Bommasandra Industrial Area in Bangalore, India, and has dispensed a huge number of electric cars in the global market.