 "TVS Motor logo")
TVS Motor Company has acquired a 24 per cent stake in RentOnGo, a Bengaluru-based start-up operated by Condivision Solutions and an online marketplace for renting bikes. The two-wheeler and three-wheeler maker invested Rs 1.5 crore in Condivision Solutions.
While TVS Motor did not respond to a Business Standard's query, in a stock exchange filing the company informed of making the investment from the futuristic perspective on the emerging pay-by service model.
Condivision Solutions was founded in 2012 by Nikhil Chhabra and Vikash Jalan.
