TVS Acquires Singapore Electric Motorcycle Brand Ion Mobility

Ion M1-S. (Photo: Greatbiekrs)

JAKARTA - A motorcycle manufacturer from India, namely TVS Motor, acquired an electric motorcycle startup company from Singapore, namely Ion Mobility.

Quoting from the Greatbikers page, Monday, March 17, this certainty was announced by Ion Mobility founder James Chan on his social media page, but soon the post was deleted.

It seems that this decision is confidential and cannot be disclosed to the public. However, the upload of CEO James Chan was seen by many people and in his upload it was explained regarding the acquisition of the brand by TVS.

In the deleted upload, it stated that the Ion Mobility and TVS agreement covered the acquisition of all Ion Mobility's assets and intellectual property by TVS Motor.

Tim Ion Mobility, bersama dengan James Chan sendiri, akan bergabung dengan TVS sebagai Wakil Presiden Senior. Ini akan berlaku mulai tanggal 1 April dan selanjutnya.

The Indian brand plans to re-launch the Ion M1-S electric scooter with improved quality and quality of manufacture. This scooter will be launched on the market with the TVS brand.

The integration of the Ion team with TVS will be carried out with the aim of developing an electronic mobility solution in the ASEAN region, with James Chan in charge of the ASEAN market.

As is known, Ion Mobility itself was founded in 2019, at that time the brand continued to struggle to become an independent company. Ion himself has marketed its products to various countries, one of which is Indonesia.