{"id":8238,"date":"2021-12-13T13:23:03","date_gmt":"2021-12-13T07:53:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-tvs-motor-ultraviolette\/"},"modified":"2021-12-13T15:35:17","modified_gmt":"2021-12-13T10:05:17","slug":"biz-tvs-motor-ultraviolette","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-tvs-motor-ultraviolette\/","title":{"rendered":"TVS Motors makes moves in 2 wheeler EVs through investment in Ultraviolette Automotive"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2630515086\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>TVS Motor Company which has been an early backer of Ultraviolette, has made fresh investment in the company, along with Zoho Corporation. The investment was part of its latest round of Series C funding in order to support Ultraviolette\u2019s vision of developing high performance mobility solutions for Indian and global markets.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-385277205\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>\u201cEVs are a huge focus area for us and we have invested in this area for over a decade. TVS is committed to developing exciting and aspirational products and we have always believed that EV development has to be ground-up for us to make that quantum leap into the global EV revolution,\u201d TVS Motor Company Joint Managing Director Sudarshan Venu stated.&nbsp;<\/p><p>\u201cWe are delighted that we chose to partner with them at an early stage, and I am confident that Ultraviolette\u2019s EV line-up will see rapid adoption across the country and the world,\u201d he added.&nbsp;<\/p><p>\u201cThis investment from TVS Motor Company and ZOHO Corp. is a validation of the company\u2019s endeavour to redefine the future of mobility,\u201d Ultraviolette Automotive Founder and CEO Narayan Subramaniam said.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2292118932\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Ultraviolette will utilise this investment for the production and commercial launch of the F77, its high-performance electric motorcycle, and will roll out the first batch in the first half of 2022. It is setting-up its manufacturing and assembling facility in Electronics City, Bengaluru.&nbsp;<\/p><p>TVS currently has a 2% market share amongst the top players in the 2 wheeler EV sector. Its top product in the segment is its iQube Scooter. The other top players  in the industry are Hero which has 36% market share, Okinawa with 17% market share, Ampere with 14%, Ather with 11%, Revolt with 4%, Bajaj with 4%.<\/p><p>&nbsp;The electric vehicles industry is at a budding stage in India. Currently the adoption rate in India is less than 1% of the total vehicle sales. However it has the potential to grow to more than 5% in a few years. At present there are more than 5 lakh electric two-wheelers and few thousand electric cars on Indian roads. India offers the world\u2019s largest untapped market, especially in the two-wheeler segment. In a move to boost production the government also has provided support to the industry by allowing 100 percent foreign direct investment in this sector under the automatic route.<\/p><div class=\"trade-after-content\" id=\"trade-1103035581\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>TVS Motor Company which has been an early backer of Ultraviolette, has made fresh investment in the company, along with Zoho Corporation. The investment was part of its latest round of Series C funding in order to support Ultraviolette\u2019s vision of developing high performance mobility solutions for Indian and global markets.&nbsp; \u201cEVs are a huge [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":8251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,1513,31],"tags":[1833,1403,1834],"class_list":["post-8238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-editor-pick","category-news","tag-2-wheeler-ev","tag-tvs-motors","tag-ultraviolette-automotive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TVS Motors makes moves in 2 wheeler EVs through investment in Ultraviolette Automotive - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-tvs-motor-ultraviolette\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TVS Motors makes moves in 2 wheeler EVs through investment in Ultraviolette Automotive\" \/>\n<meta property=\"og:description\" content=\"TVS Motor Company which has been an early backer of Ultraviolette, has made fresh investment in the company, along with Zoho Corporation. 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