myTVS managing director G Srinivasa Raghavan said that the group company - TVS Vehicle Mobility Solutions will invest 100-150 crore for the acquisition of 10,000 vehicles. The EVs will be provided to large last-mile fleet operators such as MoEVing and Sun Mobility for a fee.Raghavan said the opportunity for them to grow in this space is huge given a million battery-powered two-wheelers, three-wheelers and LCVs will hit the e-commerce market in the next few years."More than a million vehicles need to be electrified in the e-commerce phase in the next 5 to 10 years. We are well positioned to provide a solution which is differentiated, unique and has inherent value to the free to us," said Raghavan.This move is also allowing the TVS Mobility Group company to diversify and expand into EV space from its mainstay business which is providing after-market services to internal combustion enginepowered vehicles. This would also lead to a transition from personal mobility to fleet mobility solutions.

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