TVS Invests In Singapore-based EV Maker Ion Mobility
Modified On Feb 3, 2023 11:36 AM By Bernard Mascarenhas for TVS iQube Electric
This deal is a part of the Indian brand’s strategy of expanding its global presence
TVS Motor Company has announced an investment in Singaporean electric start-up Ion Mobility. This financial agreement by TVS is to provide Ion support in establishing itself in Singaporean and Malaysian electric two-wheeler space.
While the investment amount or equity details from this deal were not shared, TVS did reiterate that this partnership is in accordance with the brand’s commitment to build an aspirational product portfolio. That said, ION currently has only one electric scooter in the offing, called the M1-S.
The Ion M1-S packs a Yamaha X-Max-inspired design that’s both modern and sporty. It offers a top speed of 105kmph from a 12.5kW motor with 43Nm torque. A 3.5kWh battery pack comes inbuilt, and can be upgraded till 5kWh. In terms of features, this e-scoot gets a seven-inch TFT display, a keyless fob and all-LED lighting.
The M1-S is underpinned by a telescopic fork and dual rear shocks, while braking is carried out by disc brakes at both ends. This electric scooter also offers 26 litres of boot space, which is claimed to be spacious enough to accommodate a full-face helmet.
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While the partnership between TVS and Ion will help the latter in gaining valuable insights from the experienced two-wheeler maker, this move will also help TVS expand its global presence. Though the M1-S may not be launched here, the possibility of TVS making a M1-S-inspired premium maxi-style e-scooter for the Indian market cannot be ruled out. Until then, the company offers the TVS iQube Electric.
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