BANGALORE-BASED electric carmaker Reva Electric Car Company is looking at licensing its vehicle technology to other carmakers. One of the largest manufacturers of electric cars in the world, Reva is currently exported to 13 overseas markets in small numbers. Reva's plans for licenced manufacturing comes at a time when other global manufacturers like Nissan, Suzuki, Hyundai, Renault and Toyota are utilising India as a hub for making low-priced vehicles. The company is looking at optimising the potential of its indigenous electric vehicle technology to crank out affordable and environment-friendly mobility solutions. Besides the car, Reva has developed a 13-seater minibus, which is in the concept stages. It currently makes three Reva variants and plans to launch a new car every year with greater focus on next-generation lithium ion batteries. It also plans to launch bigger cars in the future. Reva's deputy chairman CK Maini told ET: "We have a single-minded focus to develop and offer the finest technology in electric vehicles. We have developed the next generation Reva which travels 200 kilometres and attains a maximum speed of 120 km. Few carmakers have the expertise to develop electric vehicles and we are ready to licence the technology which will have high viability in developed markets like Europe and South-East Asia on the back of soaring fuel prices.' There are more than 2,500 Revas on the road, of which around 1,000 cars are in the UK alone. The company is planning to raise its production to 30,000 cars by year-end. This will require an investment of up to $20 million as it plans to enter new markets. "We see a major increase in demand on the back of soaring fuel prices and high financial subsidy being offered by various state governments. State government initiatives to decongest urban centres will drive demand and our entry into Delhi is expected to bring good incremental numbers. We are expanding beyond Europe and will introduce Reva in South America and South-East Asia in the next few months,' Mr Maini added. Reva was launched in Delhi at Rs 2.99 lakh (on road with insurance premium) for the base variant. Higher variants loaded with air conditioning, climate control seats, scratchproof impregnated panels and anti-roll bar comes at a price of Rs 3.49 lakh and Rs 3.78 lakh. It boasts the lowest running cost