The two-wheeled vehicle producer is acquiring a stake greater than 25% in electric scooter developer and new strategic partner Twenty Two.
Two-wheeled vehicle manufacturer Kymco has agreed to pay $65m for a stake in India-based electric scooter maker Twenty Two Motors sized at more than 25%, the Economic Times has reported.
Twenty Two has created a scooter that will have an electric powertrain as well as Bluetooth connectivity and an artificial intelligence-equipped system that predicts maintenance issues, automatically ordering replacement parts in advance of a breakdown.
Kymco provided the funding as part of a strategic alliance agreed on Tuesday that will…
