TVS Motor Company invests in ION Mobility

February 3, 2023
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Singapore February 3, 2023: TVS Motor Company, a leading global manufacturer of two-wheelers and three-wheelers, announced its association with ION Mobility today. The partnership involves TVS Motor investing in ION with the goal of supporting ION's success in the electric two-wheeler markets of Singapore and Indonesia. This partnership aligns with TVS Motor's commitment to building a desirable product portfolio while working with sustainable and scalable brands, and also reinforces the company's strategy to expand its global presence.

Speaking on the occasion, Mr. Sudarshan Venu, Managing Director, TVS Motor Company said, “TVS Motor is committed to developing exciting products for consumers across global markets. We are thrilled to partner with ION Mobility, a full-stack EV company with a strong team of engineers and technical base in Singapore, to drive the premium electric two-wheeler growth in the region. We share a common vision and are eager to support them as a strategic investor.”

ION Mobility Founder and CEO, Mr. James Chan said, “I am delighted with the vote of confidence that my team and I have received from TVS Motor via the funding round and partnership. We are excited to draw upon TVS Motor’s decades of global expertise in two-wheelers to accelerate our “Mobius” M1-S production readiness, as well as the design and development of other models. We look forward to leading the charge towards an electric & sustainable two-wheeler future together.”

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