TVS ASL amps up digital services business via new subsidiary Ki Mobility
TVS Automobile Solutions (TVS ASL), India’s largest independent automotive aftermarket player, has formed a new digital subsidiary – Ki Mobility Solutions.
Touted as the country’s first full-stack O-to-O (online-to-offline) digital platform, Ki Mobility is set to offer quality, standardised and cost-effective service to vehicle owners of two-wheelers, passenger cars and commercial vehicles. The online platform would raise funds to the tune of Rs 85 crore from Pratithi Investment Trust represented by trustee and Infosys co-founder Kris Gopalakrishnan and SeaLink Capital Partners (SCP).
The digital platform would give automobile entrepreneurs an opportunity to increase business, gain access to high- quality parts with better margins, link with a large pool of suppliers, among others. “Launching Ki Mobility is a milestone moment in the Indian Automotive Aftermarket industry and equally a logical next step of our technology investments so far,” TVS Automobile Solutions, director, R Dinesh said.
TVS ASL amps up digital services business via new subsidiary Ki Mobility
“We will leverage the cutting edge technology solutions and create a digital ecosystem for over 20,000 entrepreneurs to enhance their future relevance,” he said.
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