Two and three-wheeler manufacturer TVS Motor Co. integrated the assets of ION Mobility, a full-stack EV company based in Singapore.
The integration marks a major step toward unlocking new possibilities and strengthening TVS Motor's footprint in Southeast Asian electric vehicle markets.
ION Mobility Founder and CEO, James Chan, has joined TVS Motor to lead the company's business across ASEAN markets and develop the M1-S electric mobility platform.
With TVS Motor's acquisition of ION Mobility's assets, IP, and core team, the company aims to accelerate market penetration and grow its share in Southeast Asia.