Tata Motors Invests First Time in a Startup, Acquires 26% Equity
India's biggest automobile company Tata Motors acquired 26% stakes in a tech-based freight aggregator TruckEasy.
This is the first investment in a startup being done through Tata Motors Finance Holdings, a wholly-owned subsidiary of Tata Motors. However, the company did not disclose the amount.
The Bengaluru based startup Truckeasy will use this investment to expand its footprint in other cities.
Bengaluru based logistics company TruckEasy registered as a Loginomics Technologies Solutions Ltd, was formed in 2015 providing service for transporting needs of businesses within the city.
As per the information on the website, TruckEasy transport anything within Bangalore using Light commercial vehicles. You can rent Tata Ace, Super Ace at the click of a button. Sign up and book mini...