News > TVS Motors acquires 48% stake in Narain Karthikeyan's two-wheeler startup
TVS Motors acquires 48% stake in Narain Karthikeyan's two-wheeler startup
General | 25/08/2022 08:57 AM | Click to read full article
Leading two-wheelers manufacturing firm TVS Motor Company on 24 August announced an acquisition of a 48 percent stake in Narain Karthikeyan’s two-wheeler startup DriveX for ₹85.4 crores.
Karthikeyan’s firm Nkars Mobility Millennial Solutions Private Limited (NMMSPL)operates a digital platform ‘DriveX’ which provides two-wheelers to customers on a subscription model.