TVS Motor takes Stake in EV Start-Up

  • Published On: 11 December 2017
  • 982 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

2026 Honda Electric SUV Announced

Honda's Elevate BEV specifications will be the full-bodied, completely electric vehicle that will launch in India in the year 2026. The electric SUV will be part of the larger electrification strategy that the brand has implemented, amid other future hybrid developments.

Read More
Kawasaki Ninja1100SX India Launch Confirmed

This month, Kawasaki Ninja has been all set to release the much awaited Ninja 1100SX in India. The Kawasaki Ninja 1100SX engine is bigger and has better rideability which comes with slightly more expensive price tags than those of the old Ninja 1000.

Read More