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TVS Motor acquires UK-based Norton Motorcycles

17Apr By Press Trust of IndiaNo Comments

ACQUISITION, Automobile

TVS Motor acquires UK-based Norton Motorcycles

TVS Motor has acquired UK-based iconic bike manufacturer Norton Motorcycles for GBP 16 million (around Rs 153 crore). The company has acquired Britain's most iconic sporting motorcycle brand Norton in an all-cash deal for a consideration of GBP 16 million by acquiring certain assets of Norton Motorcycles (UK) through one of its overseas subsidiaries, TVS Motor Company said in a statement. Founded by James Lansdowne Norton in Birmingham in 1898, Norton Motorcycles is among the most popular British motorcycle brands of all time. Norton Motorcycles is known for its classic models and range of luxury motorcycles ranging from authentic retro classic reboots of the famous Commando to its contemporary 200 bhp, 1200cc V4 superbikes. "This is a momentous time for us at TVS Motor Compan...

Predictronics Raises $3.2 Million from TVS Motor Singapore

19Aug By AdityaNo Comments

FUNDING

Predictronics Raises $3.2 Million from TVS Motor Singapore

TVS Motor Singapore, a wholly-owned subsidiary of TVS Motor India invest $3.2 million in US-based Predictronics Corporation, which specializes in providing end-to-end predictive maintenance analytics solutions. Predictronics' solutions combine expertise in IoT, Industrial AI, Big Data, Machine Learning, and Predictive Analytics to remove the uncertainty from industrial operations and improve process uptime, production planning, maintenance, and product quality by providing actionable information and accurate predictions that empower clients to have a transparent, worry-free business. Their claim to fame is that "We know what happens next, and so can you." Rajesh Narasimhan, Board Member of TVS Motor Company and CEO of TVS Motor (Singapore), stated, "We evaluated many companies globa...

TVS Motor Singapore Invest US$7 Million in AI Decision Platform

22Jul By PriyankaNo Comments

FUNDING

TVS Motor Singapore Invest US$7 Million in AI Decision Platform

SINGAPORE and NEW YORK, July 22, 2019-- TVS Motor Singapore, a wholly-owned subsidiary of TVS Motor Company Limited, India, has signed definitive agreements to invest $7 million in Scienaptic Systems Inc., a Delaware corporation, headquartered in New York City. TVS Motor (Singapore) Pte. Limited led this Series A funding in Scienaptic. Scienaptic has combined the latest big data technologies and proprietary machine learning and artificial intelligence algorithms on its decision platform, "Ether." Solutions built on Ether enable enterprises to improve risk and credit assessment, monitor evolving fraud patterns, and improve customer journeys and experience. Scienaptic counts several marquee Fortune 100 enterprises as its clients. Rajesh Narasimhan, Board Member of TVS Motor Compan...

9May By AdityaNo Comments

FUNDING

TagBox raises $3.85 mn from TVS Motor

TVS Motor Company has invested USD 3.85 million (about Rs 26.69 crore) in TagBox, a machine learning platform company as part of its Series A funding round. This round was entirely led by TVS Motor Company and its Singapore based subsidiary TVS Motor (Singapore) Pte Limited, the company said in a statement on Wednesday. The current investment in Tagbox is part of the initial set of investments, being made in strategically relevant digital startups, it said. TagBox plans to use the funds to strengthen product innovation and R&D, while expanding its global footprint, it added. Launched in 2016, Tagbox Solution provides a coldchain solution, food spoilage, product damage, real-time signal for theft and pilferage. TagBox was started with the vision of enabling organization...

29Apr By NitishNo Comments

FUNDING

Pune based IoT platform Altizon raises $7 million funding

Altizon Inc, a global industrial IoT platform company addressing the manufacturing industries, today announced the closure of its series A+ funding round of $7Mn. This important round was led by TVS Motor Company (Singapore) Pte. Limited, the Singapore based Subsidiary of TVS Motor Company Limited and participated by existing investors The Hive, Wipro Ventures, and Lumis Partners. “The Industrial IoT market continues to expand at a rapid pace and this investment brings on board TVS Motor Company which is the flagship company of the multi-billion $ TVS Group, with deep experience building companies in the industrial sector,” said Vinay Nathan, CEO of Altizon. Vinay further added, “We have a strong roster of global industrial majors as our customers and they can now gain further benefit ...