TVS Motors puts â¹6 cr in electric bike startup Ultraviolette
TVS Motor Company has invested â¹6 crore in Bengaluru-based electric bike startup Ultraviolette Automotive as part of the startup's extended Series A round of funding. TVS Motor's stake in the company rose to 25.76% following the investment, according to filings. Founded in 2014, the startup has tested three prototypes, however, has not launched an electric two-wheeler yet. 