Sachin Backed Smartron Invests In Electric Bike Maker Volta Motors

Smartron, an Indian technology company backed by ace cricketer Sachin Tendulkar, has invested in electric bike startup Volta Motors. Though the amount of money invested is not known nor the equity, it is believed that Smartron now must have majority stake in Volta Motors as it will be called as Tron Motors, a Smartron Company.

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The Chennai based Smartron has so far launched two products in the market- a smartphone named tPhone and a laptop named tBook. Cricket legend Sachin Tendulkar has invested in the company who prefers to be called as an Indian IoT company.

“This also marks a collaboration of two start-ups with the same ideals and aspirations of building an Indian brand in the global product market place,” the company said today.

Volta Motors has so far designed and developed India’s first cross-over electric bike ‘VOLTA ZAP’. Under the aegis of this new company the team will accelerate the development, manufacturing and commercialisation of these vehicles. The company also intends to bring out a range of IoT enabled electric vehicles that will be designed, engineered, and manufactured in India for India and the world. It will also redefine the lifestyle segment of mobility by being sustainable and promote healthy living.

“Our association with Volta illustrates the strategy that Smartron has pursued from its inception that we need to be known as company that is building a strong product ecosystem across IoT verticals from personal to health to home to energy to farming. Electric eco-friendly bikes powered by an IoT platform like Smartron’s TRONX will be an essential part of our range of smart products”.

“We are excited to be a part of Smartron’s journey. We share similar synergies of bringing in smart and innovative products that are aligned to create an Indian brand that is recognised globally. With the creation of Tron Motors we hope to expand our ecosystem under the theme of being environmentally friendly as well as high on style quotient,” said Anoop Nishanth, CEO, Volta Motors.

This strategic investment is a part of Smartron’s approach to build broader product ecosystem under its innovative and unique AI powered tronx IoT platform. Smartron is extending its unique tronx platform across range of verticals starting from smart home, personalized health, smart energy, intelligent vehicles, smart farming and infrastructure, to bring-in next generation of smart devices, sensors, services and care to consumer, enterprise, industrial and infrastructure markets.

This partnership would provide the strength and momentum to develop and expand Smartron’s significant IoT enabled portfolio to address substantial opportunities in India and abroad markets, the company added.

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