Smartron to invest in automotive start-up Volta Motors

Hyderabad-based hardware and IoT start-up Smartron on Friday announced that it will be investing in Chennai-based automotive start-up Volta Motors, which is designing and developing electric vehicles.

It has not disclosed the investment numbers related to the acquisition except stating that the company will be eventually christened as Tron Motors, a Smartron company.

Volta Motors has 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, Smartron said. It also intends to bring out a range of IoT (Internet of Things)