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Automotive Product Finder Magazine | TVS Motor invests $3.85 mn in TagBox
TVS Motor invests $3.85 mn in TagBox
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TVS Motor Company has invested $3.85 million in TagBox, a supply chain IIoT and Machine Learning platform company as part of its Series A funding round. This round was entirely led by TVS Motor Company Limited and its Singapore-based subsidiary, TVS Motor (Singapore). Rajesh Narasimhan, Board Member, TVS Motor Company and CEO, TVS Motor (Singapore) said, “We are happy to invest in and strategically partner TagBox as they continue to pursue bottomline impact for Fortune 1000 companies by improving their supply chain processes, while leveraging them for our own group businesses. Our current investment in Tagbox is part of the initial set of investments being made in strategically relevant digital startups.” TagBox plans to use the funds to strengthen product innovation and R&D while expanding its global footprint.
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