Swiss E-Mobility Group taken over by Indian two-wheeler giant TVS Motor

ZURICH, Switzerland - The Indian tiger strikes in Switzerland for the second time within a few months. Following the acquisition of Ego Movement, TVS Motor Company has taken over the majority of Swiss E-Mobility Group (SEMG) from Constellation Capital. The intention seems clear; The Indian mass producer wants to gain a foothold in the booming e-bike market in Europe.