Tata is known for supporting committed and passionate entrepreneurs with sustainable business models along with unique, exciting concepts
Chairman Emeritus of Tata Sons - Ratan Tata has decided to invest an undisclosed amount in Pune-based electric vehicle start-up Tork Motors, just before commercial launch of the latter’s flagship product T6X. Tork Motors is a maker of indigenously-developed EVs, with its ‘Made in India’ product built as a culmination of years of extensive R&D. In the past, Tork Motors had raised funds from Bharat Forge, as well as Bhavish Aggarwal, founder of Ola cabs.
The Tork T6X electric motorcycle is powered by lithium-ion batteries, and is engineered to travel at a top speed of 100 km/h, with a range of 100 km on a single charge. The battery can be charged up to 80 % in one hour. The T6X features the company’s Tork Intuitive Response Operating System (TIROS), which is the intelligence that will power the electric motorcycle. Apart from analysis and compilation of data for every ride, power management, real time power consumption and range forecasts, TIROS also learns how the ride is carried out.
Ratan Tata said that in last few years, there has been a sea of changes in the attitude towards EVs. “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. Overall, I am very impressed and feel that this is the kind of spirit that should be present in every Indian entrepreneur,” he added.
An investment by Mr Tata is an endorsement of the company’s long-held belief that the Indian auto sector is going through a phase of huge growth and transformation, noted Kapil Shelke, Founder and CEO, Tork Motors. He said, “We are privileged to have him come on-board as an investor. Now with his support, guidance and mentorship, we are even more confident about carrying out our vision of promoting e-mobility in India.” This investment gives Tork Motors a great opportunity to gain more experience from the master himself.