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Technology
car&bike Team
May 9, 2019, 10:49 PM
Hosur-based two-wheeler giant, TVS Motor Company has announced that it has invested $3.85 million (around Rs. 26.69 crore) in TagBox, a supply chain IIoT and Machine Learning platform company as part of its Series A funding round. The company further stated that this round was completely led by TVS and its Singapore-based subsidiary TVS Motor (Singapore) Pte Limited. The new investment in TagBox is part of the initial set of investments being made in strategically relevant digital start-ups, according to the company. Back in 2017, TVS announced purchased a 15 per cent stake in electric vehicle start-up Ultraviolette Automotive.
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