Link Legal team led by Anuj Trivedi, Partner and Sanya Haider, Senior Associate advised Kwang Yang Motor Co. Ltd, or Kymco on its entry into Indian market. KYMCO is one of the global leading powersports brands and pioneers the industry’s first smart energy bay. Twenty Two Motors is an electric scooter start-up company.
The Economic Times had earlier reported, citing people aware of the development that Kymco will pick up a stake of over 25% in Twenty Two Motors and that it will invest $65 million (Rs 480 crore) in the Indian company in a period of three to four years.
Twenty Two Motors was advised by JSA.