TVS to integrate ION Mobility assets and IP to accelerate footprint in Southeast Asia

CHENNAI: TVS Motor Company (TVSM) is looking to strengthen its electric vehicle (EV) presence in Southeast Asia through the integration of ION Mobility’s assets, intellectual property and talent into its operations. Southeast Asia represents one of the world’s fastest-growing regions for motorbike usage, offering a significant opportunity for expansion.

TVSM has been a strategic investor in ION Mobility, a full-stack EV company known for its in-house capabilities in industrial and product design, mechanical and electrical engineering, embedded and power electronics, firmware, software, and supply chain solutions.

“This integration, combined with TVSM’s expertise in electric mobility, marks a major step toward unlocking new possibilities in the region,” said the company in a statement.

Sharad Mohan Mishra, president group strategy, TVS Motor Company, said: “We were an early strategic investor in ION Mobility and with the acquisition of their assets, IP and core team, we will bring their entrepreneurial energy, design thinking and engineering strength into TVSM. Combined with our R&D depth, quality systems and manufacturing scale, this partnership positions us to accelerate market penetration and grow our share across Southeast Asia.”

TVS Motor currently boasts nearly 600,000 EV customers for flagship electric scooter, TVS iQube. The company has developed in-house capabilities in battery systems, battery management, vehicle control units and connected platforms and holds more than 650 patents in the EV domain.

Earlier this week, TVSM announced that its wholly owned subsidiary TVS Motor (Singapore) Pte Ltd acquired select assets from ION Mobility and also divested its stake in the company. Following this move, James Chan, founder-CEO of ION Mobility, has joined TVS Motor Company as senior vice president. He will lead TVSM’s business across ASEAN while also spearheading the development and launch of the M1-S electric mobility platform.



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