TVS EBike Company

CILO, founded in 1927, produces e-mountain bikes combining traditional Swiss engineering with advanced technology.

TVS EBike Company AG consolidates TVS Motor’s personal ebike businesses under one organization, headquartered in Switzerland. It manages ebike operations in Switzerland, Germany, and the UK.

TVS EBike Company AG develops smart e-bike technology in Switzerland.

TVS Motor merges its two Swiss subsidiaries into SEMG Holding, a fully owned entity under TVS Motor (Singapore). The consolidation simplifies European e-bike operations by eliminating separate legal structures. Both subsidiaries ceased operations as independent entities by June 30, 2025.

Jul 2025Autocar ProfessionalNews article

TVS Motor has acquired an additional 25% stake in Swiss E-Mobility Group (SEMG). The deal makes SEMG a wholly-owned subsidiary of TVS Motor (Singapore) Pte Ltd. The move strengthens TVS Motor’s presence in the European e-mobility market.

Jun 2023EVreporterNews article

TVS Motor completes the acquisition of the remaining stake in Swiss E-Mobility Group (SEMG). SEMG operates a fully integrated e-bike platform, selling its own-branded e-bikes, third-party e-bikes, and spare parts through retail and online channels in Switzerland and Germany.

Jun 2023The New Indian ExpressNews article

TVS Motor Company acquires a 75% stake in Swiss E-Mobility Group (SEMG). SEMG operates M-way, Switzerland’s largest dedicated e-bike retail chain. The move expands TVS’s presence in the European e-mobility market through an established local retailer.

Jan 2022Cycling Industry NewsNews article