Ratan Tata to invest in Tork Motors

Former chairman of Tata Sons, Ratan Tata (File Photos)

 

 

New Delhi

Electric vehicle start-up Tork Motors on Monday said Ratan Tata has decided to invest an undisclosed amount in the company.

Previously, the Pune-based company has raised funds from Bharat Forge and Bhavish Aggarwal (Founder of Ola cabs).

"In the last few years, there has been a sea of changes in the attitude towards electric vehicles. This industry is changing rapidly and I place good value on the sound logic and the approach that the team at Tork Motors has taken," Tata Sons Chairman Emeritus Ratan Tata said in a statement.

Tork Motors is gearing up to launch its flagship electric motorcycle in the next few months.

"An investment by him is an endorsement of the long-held belief by us that the Indian auto sector is going through a phase of huge growth and transformation," Tork Motors Founder and CEO Kapil Shelke said.

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