TVS Motor Company made fresh investments in electric bike maker company Ultravoilette Automotive. Ultravoilette Automotive is aiming for developing high-performance mobility solution in India and in regards to that, TVS motors and Zoho Corporation has funded Ultraviolette Automotive in the latest Series C funding.
TVS Motor Company has been backing the electric bike makers since the start.
The electric bike maker company will set up its manufacturing and assembling facility in Bangalore. The investment will be used in the production and launch of high-performance electric bikes. The first batch of their motorbikes will start in the first half of 2022. The company is planning to enter the market with the motorcycle the F77.
