TVS Motor takes Stake in EV Start-Up

  • Published On: 11 December 2017
  • 1012 Views

The company has bought stake in Bengaluru-based start-up Ultraviolette Automotive.

TVS has picked up a 14.78 percent stake in Ultraviolette Automotive, a Bengaluru-based electric two-wheeler and energy infrastructure start-up. Ultraviolette Automotive was founded by Niraj Rajmohan (CTO) and Narayan Subramaniam (CEO). The company is tiny and currently operates with a 13-member unit. For now, there's very little known about the start-up, except that it is currently testing various two-wheeler prototypes, battery packs, and other electric offerings. TVS is said to be working on an electric scooter that's due in 2018.

News You May Like

Royal Enfield stores offering discounts on riding gear and apparel

The company is offering an end-of-season sale on its official riding gear, apparel and accessories.

Read More
NIO commences delivery of its ES8 SUV

Tata Technologies-partnered NIO's first electric SUV is made for sale only in China.

Read More