TVS Motor Company has announced its partnership with ION Mobility today. The partnership is aligned with TVS’s dedication to electrification in the automotive industry. TVS has invested in ION with the goal of supporting its success in the electric two-wheeler markets of Singapore and Indonesia. This collaboration reflects TVS’s commitment to developing an impressive product lineup and working with sustainable and expandable brands, as well as its strategy to broaden its global reach.
ION Mobility is a tech and automotive OEM focused on delivering aspirational and sustainable mobility and energy solutions for all. They strive to offer exceptional products and user experiences to our customers. Their offerings incorporate cutting-edge hardware and software technology with a focus on user-centric design, resulting in smart electric bikes and energy charging and storage solutions that are accessible to everyone. Their goal is to become Southeast Asia’s leading technology company, spearheading the region’s transition to a low-carbon economy, beginning with the ION M1-S.
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.”