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TVS Motor buys 48% stake in Narain Karthikeyan’s startup DriveX
short by Anisha Joneja / on Wednesday, 24 August, 2022
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.
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