DealStreetAsia
ION Mobility, a Singapore-based EV startup that produces smart electric bikes and energy storage solutions, has secured a strategic investment from the Indian automobile major TVS Motor.
The strategic investment is part of ION Mobility’s $18.7-million Series A funding round. AC Ventures Malaysia, Michael Sampoerna, and ION Mobility chief manufacturing officer Ng Ho Sen, with existing investors TNB Aura, Quest Ventures, Monk’s Hill Ventures, Village Global, GDP Venture and Seeds Capital have participated in the round.
The new funding round brings the total capital raised by the company to over $25.5 million since 2020.
