TVS Motor Company invests Rs 30 crore in electric vehicle maker Ultraviolette Automotive (Business Opportunities - Other Business Ads)

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TVS Motor Company invests Rs 30 crore in electric vehicle maker Ultraviolette Automotive


Mumbai: TVS Motor has invested Rs 30 crore in electric car maker Ultraviolette Automotive for an undisclosed stake as part of its latter’s series B round of fundraising, the company announced Wednesday.

TVS Motor had earlier invested Rs 11 crore in a Bangalore-based company for a 25.76% ownership stake according to its latest annual report.

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2021-04-16 (0.392 sec)