TVS Automobile launches Ki Mobility Solutions; raises Rs 850 bn funds

News  /   July

New Delhi

TVS Automobile Solutions (TVS ASL), an independent automotive aftermarket player that is part of the TVS Group, has announced the launch of its new digital subsidiary ‘Ki Mobility Solutions’. The company has also raised funds worth Rs 850 billion from tech investors led by Pratithi Investment Trust and SeaLink Capital Partners (SCP).

Ki Mobility Solutions will offer quality, standardised and cost-effective service to two-wheelers, passenger cars and commercial vehicles across the country. It also intends on entering other developing and developed countries soon.

The digital platform comes with a unique offline-to-online model. It aims to include and provide nearly 10,000 retailers and 20,000 garage owners with a single digital ecosystem. TVS Automobile Solutions mentioned that the digital platform is a maiden attempt in the industry to enhance the confidence and livelihood of automobile entrepreneurs.

TVS Automobile Solutions also acquired 100% of goBumpr, one of the largest B2C service aggregation platforms. The move will strengthen the value proposition to end customers.

Source – Express Drives

Image Source: TVS ASL Website 

Also Read:

https://www.automotiveproductsfinder.com/news/tvs-motor-company-expands-in-iraq-with-new-launches/134572

https://www.automotiveproductsfinder.com/news/tvs-srichakra-enters-europe-s-two-wheeler-tyre-market-with-eurogrip/134530

https://www.automotiveproductsfinder.com/news/tvs-srichakra-lines-up-rs-10-bn-crore-expansion-program/134383

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