TVS Motor Company has introduced that it has invested an quantity of Rs. 30 crore in Ultraviolette, that is an EV startup. Ultraviolette unveiled its F77 electric powered motorbike remaining yr and claims it to be India's first high-overall performance electric powered motorbike.
Highlights
- TVS had in advance invested Rs. five crore in Ultraviolette in 2017
- Ultraviolette unveiled its F77 electric powered motorcycle in November 2019
- The Ultraviolette F77 can be released in India in 2021
TVS Motor Company, certainly considered one among India's main two-wheeler manufacturers, has introduced an funding of Rs. 30 crore in Ultraviolette, that is an EV startup. The investment changed into introduced on the modern day spherical of investment (Series B). TVS had in advance invested Rs. five crore, for a 14.87 in line with cent stake in Ultraviolette in 2017, with the EV employer beginning its operations in 2015. Ultraviolette unveiled the pre-manufacturing model of the F77 electric powered motorbike in November 2019 and claims it to be India's first high-overall performance electric powered motorbike. Now, the employer is gearing up closer to the release of F77. The employer is asking at an early 2021 release for the F77 and plans to extend its footprint withinside the u . s . in a phase-sensible manner.
