TVS Motor buys 48% stake in Narain Karthikeyan’s startup DriveX

Two and three-wheeler manufacturer TVS Motor has invested in former Formula 1 driver Narain Karthikeyan's startup to acquire 48.27% stake. TVS has invested over ₹85 crore in DriveX (NKars Mobility Millennial Solutions Private Limited), a pre-owned two-wheeler platform. DriveX was founded in April 2020 and began as a two-wheeler subscription platform, and has since spread to five cities.