TVS Motor has reportedly acquired a minority stake in Bengaluru-based electric two-wheeler and energy infrastructure start-up Ultraviolette Automotive. The company has bought 14.78 per cent stake, or 6,750 equity shares of Rs 10 each for Rs 7,409 per share. The total cost of acquisition would be around Rs 5 crore.
The investment comes in line with the automaker’s efforts to bring in clean energy technology to substitute traditional fuels amid growing concerns over depleting environmental health.
Founded on December 18, 2015, Ultraviolette aims to build an ecosystem that addresses the transportation needs of an urban environment. TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the TVS Group.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 10043.45 |
| Hero MotoCorp | 5112.90 |
| TVS Motor | 3535.00 |
| Eicher Motors | 7296.10 |
| Ather Energy | 937.60 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: