Tevva Motors Sells Strategic Stake To Bharat Forge For 98 Cr.

In Clean News, News, Products, Technology

Tevva Motors (Jersey), an electric vehicle company which provides electric powertrain solutions for commercial vehicles and buses in the 7.5- to 14-tonnage weight category, with this being soon extended for development of new CVs, especially trucks and buses.

These vehicles will actively and autonomously manage the use of the range extender by utilising Tevva’s ground-breaking, patented software, the Predictive Range Extender Management System (PREMS).

Bharat Forge, the flagship company of the Kalyani Group, recently announced that it has bought a strategic stake of 10 million pounds (Rs 98 crore) in the UK-based Tevva Motors.

Bharat Forge states it has been working on its R&D and technology strategy in the EV space over the past few years. And this announcement is its third major initiative in the EV space, and comes shortly after the start of the ‘Engineering and Development Centre’ at MIRA, UK and the investment in Tork Motorcycles.

As part of this investment, Bharat Forge has also acquired a license for commercialisation of the Tevva technology within India and for strengthening its R&D activities in the e-mobility space.

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