[ad_1]
– Faucets into sustainable private mobility options with e-bikes
– Eyes European market with customer-centric bike designs, merchandise and distinctive omnichannel community
– Second main acquisition in Europe after Norton Bikes
SINGAPORE, Sept 17, 2021 – (Antara/ACN Newswire) – TVS Motor Firm, a reputed two-wheeler and three-wheeler producer globally, at present introduced a partnership with EGO Motion as a majority shareholder, in an all-cash deal via its Singapore Subsidiary TVS Motor (Singapore) Pte Ltd. The partnership is in keeping with TVS Motor Firm’s dedication to constructing an aspirational product portfolio whereas nurturing sustainable and scalable manufacturers. It additionally reiterates the corporate’s technique to develop its world presence in developed markets, commencing with Europe, which serves as the center of the e-bike mobility panorama.
Led by the co-founders Daniel Meyer and Marie So, EGO Motion is a Swiss expertise firm offering modern mobility options via a portfolio of e-bikes, e-cargo bikes, and e-scooters. The corporate combines distinctive designs with modern software program and {hardware} to ship a differentiated buyer expertise. It has an omnichannel community throughout Switzerland, Liechtenstein and Germany with plans to develop throughout Europe, combining the perfect of strategically situated shops with a seamless on-line expertise.
Talking on the event, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Firm, mentioned, “The partnership with EGO Motion reaffirms TVS Motor Firm’s dedication in the direction of electrification and the broader sustainability agenda. We’re constructing a strategic private e-mobility ecosystem by scaling distinctive manufacturers which share our imaginative and prescient of delivering compelling buyer expertise benchmarks via cutting-edge, aspirational merchandise. EGO Motion has a powerful presence in Europe with customer-centric merchandise, a singular omnichannel community and a visionary group at its helm. Collectively, we’ll handle world urbanisation by delivering distinctive e-mobility options with e-bicycles and mobility throughout a variety of varieties.”
Mr. Venu additional added, “Additionally it is an necessary milestone in our journey to develop our presence in Europe, with the Norton Bikes acquisition final 12 months and now the launch of the non-public e-mobility platform.”
Over the previous decade, the non-public mobility panorama has advanced considerably with the worldwide sustainability agenda, growing urbanisation and development in battery expertise. The worldwide pandemic additionally grew to become a key catalyst in accelerating the adaption to non-public mobility. The e-bike market has been on the forefront of private mobility innovation, with new enterprise fashions and applied sciences advancing quickly with world traits. Varied sub-segments have additionally emerged to cater to clients’ evolving wants – starting from metropolis bikes for every day commute to mountain bikes for adventures or cargo bikes for carrying hundreds or individuals.
Co-founder and CEO of EGO Motion, Daniel Meyer, commented “As a Swiss based mostly strongly mission-driven firm, we’re excited to be teaming up such a extremely revered world associate and trade chief. Our group is totally dedicated to taking the corporate to the following part. We’re assured that along with TVS Motor Firm, we can create extra worth for all companions and clients of EGO Motion specializing in additional development by following our mission of a greener approach of e-mobility.”
EGO Motion’s product portfolio focuses on delivering sustainable merchandise with the newest expertise and classy designs.. A strong battery is mixed harmoniously into the body, whose ergonomic design permits for a cushty upright sitting place. As well as, with technical refinements similar to a robust mid-motor together with a torque sensor, a USB port on the detachable lithium-ion battery and an LED mild that robotically switches on at nightfall. The distinctive and modern design philosophy has earned the corporate a number of awards, together with the distinguished Crimson Dot Award.
About TVS Motor Firm
About EGO Motion
Media contacts:
[ad_2]
Source link