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TVS Motor to sell stake in Rapido
Nov-07-2025

TVS Motor Company has entered into agreements with Accel India VIII (Mauritius) and MIH Investments One BV for the monetisation of investment held in Roppen Transportation Services (Rapido) for Rs 287.93 crore.

In 2022, TVS Motor entered into a strategic partnership with the on-demand delivery and mobility platform Rapido for collaboration in areas of mutual interest and the commercial mobility ecosystem. 

The company proposes to divest its shareholding in Rapido, comprising 11,997 Series D CCPS, to Accel India VIII (Mauritius) for Rs 143.96 crore and 10 number of Equity Shares and 11,988 number of Series D CCPS to MIH Investments One BV for Rs 143.97 crore. The completion of the transaction is subject to regulatory approvals obtained by buyers. 

TVS Motor Company is a two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia.

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