TVS Motors has taken a bold step toward strengthening its electric vehicle (EV) footprint by acquiring key assets, intellectual property, and talent from Singapore-based Ion Mobility. Known for the MI-S electric motorcycle, Ion Mobility brings solid design and engineering capabilities to the table — and TVS is ready to leverage that.

Strategic integration for the ASEAN region

The deal was made through TVS Motor’s wholly owned subsidiary in Singapore. Alongside the asset acquisition, TVS has also exited its previous equity stake in Ion Mobility. As part of the transition, Ion's founder and CEO, James Chan, joins TVS as senior vice president. He’ll now lead the company's operations in ASEAN markets while spearheading the development of the M1-S electric platform.

What’s the M1-S and why it matters

The M1-S, which already has buzz in Southeast Asia, stands out for its sleek design, strong acceleration, practical range, and everyday usability. With Chan at the helm and TVS’s backing, the M1-S is likely to become a key player in the region’s electric two-wheeler segment.

Adding to TVS’ EV momentum

TVS already has a growing EV portfolio, led by the iQube scooter, which has over 600,000 users. The company also boasts in-house capabilities across EV tech — from battery systems and BMS to connected platforms and control units. With more than 650 EV-related patents and a strong R&D backbone, this collaboration with Ion Mobility is expected to boost TVS’s innovation and speed in a competitive market.

Sharad Mohan Mishra, president of group strategy at TVS, explained that Ion’s design-led approach and agile mindset fit perfectly with the company’s long-term ‘Reimagine 2030’ vision. The goal is simple — fuse Ion’s entrepreneurial spirit with TVS’s scale and manufacturing strength to dominate the ASEAN EV market.