India: TVS Motor puts $4m more in electric motorcycle maker Ultraviolette

India: TVS Motor puts $4m more in electric motorcycle maker Ultraviolette

Photo: Bloomberg

Leading two- and three-wheeler manufacturer TVS Motor Company Ltd has increased its stake in the electric motorcycle startup Ultraviolette Automotive Pvt Ltd from 25.76% to 29.48% by investing an additional sum of ₹30 crore, the company said in a regulatory filing on Wednesday. The said investment is part of Ultraviolette’s series B funding.

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