TVS Motor Company is set to acquire Singapore-based electric motorbike company ION Mobility, enhancing its presence in the EV market and integrating innovative technologies.
Target Information
ION Mobility, a Singapore-based company specializing in smart electric motorbikes, is positioned at the forefront of the electric vehicle (EV) market. The company focuses on innovative technology and sustainable solutions, aiming to revolutionize urban transportation with efficient and eco-friendly mobility options.
The acquisition by TVS Motor is set to enhance ION Mobility's capabilities and accelerate its growth trajectory. The company has already gained notable attention for its unique offerings and potential impact on the competitive EV landscape in Southeast Asia.
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Industry Overview in Singapore
The electric vehicle industry in Singapore is rapidly evolving, driven by government initiatives and a growing consumer shift towards sustainable transportation. The
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TVS Motor
invested in
ION Mobility
in 2025
in a Other Private Equity deal
Disclosed details
Transaction Size: $19M