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TVS Buys 14.78% Stake In EV Start-up Ultraviolette Automotive
Sameer Contractor
Dec 9, 2017, 9:53 PM
High on the launch of the new Apache RR 310, TVS Motor Company has pulled another surprise and has invested in a new electric vehicle start-up. According to the filing with the Bombay Stock Exchange (BSE), TVS has bought a 14.78 per cent stake for Rs. 5 crore in Ultraviolette Automotive Pvt. Ltd, a Bengaluru-based startup working on electric two-wheelers and energy infrastructure.
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