Jewellery firm to buy Japan sportscar startup for â¹730 crore
Hong Kong-based jewellery O Luxe Holdings has agreed to purchase Japanese electric sportscar startup GLM for about â¹730 crore. The startup was founded in 2010 as a Kyoto University venture and has been pegged as a rival to Tesla. GLM's first model was a two-door sportscar called the Tommykaira ZZ, which debuted in Japan in 2014 for about â¹45 lakh.