TVS partners with Singapore-based e-bikemaker Ion Mobility

    To expand its global footprint, TVS recently started retailing its bikes in Singapore.

    Published On Feb 03, 2023 03:12:00 PM


    TVS announces partnership with Singapore-based EV bikemaker Ion Mobility.
    Listen to this Article

    TVS recently began its operations in Singapore, retailing the entire Apache line-up from its showroom there. Now, it has partnered with a Singapore-based two-wheeler EV manufacturer, Ion Mobility. 

    The TVS iQube was updated significantly last year and currently averages sales close to 10,000 units a month. What's of even more note is that the e-scooter now makes up 10 percent of TVS' scooter sales

    TVS partners with Ion Mobility: details

    Ion Mobility had unveiled its first battery-powered electric two-wheeler – the Ion M1-S – in late 2021. For TVS, this is a strategic move to expand its global footprint. The Hosur-based brand says it aims to provide Ion Mobility the necessary support to be successful in the electric two-wheeler markets of Singapore and Indonesia. 

    Sudarshan Venu, managing director, TVS Motor Company, said, “We are thrilled to partner with Ion Mobility, a full-stack EV company with a strong team of engineers and technical base in Singapore, to drive the premium electric two-wheeler growth in the region. We share a common vision and are eager to support them as a strategic investor.”

    Ion Mobility founder and CEO, James Chan said, “I am delighted with the vote of confidence that my team and I have received from TVS Motor via the funding round and partnership. We are excited to draw upon TVS’ decades of global expertise in two-wheelers to accelerate our ‘Mobius’ M1-S production readiness, as well as the design and development of other models. We look forward to leading the charge towards an electric & sustainable two-wheeler future together.”

    The Southeast Asian region is home to over 200 million petrol-powered two-wheelers and 80 percent of households in Indonesia, Malaysia, Thailand and Vietnam own motorcycles. However, the widespread use of petrol-powered two-wheelers continues to put a burden on urban air quality and the environment, which makes electric two-wheelers a better alternative. Research suggests that the global market for electric two- and three-wheelers is estimated to be around USD 150 billion by end-2022.

    Also See:

    Series of new electric bikes, scooters from TVS in 18 months

    Copyright (c) Autocar Professional. All rights reserved.



    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now

    Search By Bike Price

    Poll of the month

    What do you think of Lewis Hamilton’s move to Ferrari?

    He’ll win his 8th F1 title with Ferrari



    He should have stayed with Mercedes



    No difference; Verstappen will still win the title



    Total Votes : 1132
    Sign up for our newsletter

    Get all the latest updates from the automobile universe