Ultraviolette Automotive has raised USD 45 million from Zoho Corporation and Lingotto as part of its ongoing Series E funding round. This investment, led by Zoho's Sridhar Vembu, Mani Vembu, and Kumar Vembu, along with Europe's Lingotto, signals strong backing for the Bengaluru-based electric vehicle maker's global ambitions.
The fresh capital will fuel Ultraviolette's expansion plans for its flagship F77 performance motorcycle and the recently launched X-47 crossover electric bike. The company aims to scale production, advance battery technology, and roll out upcoming platforms like Shockwave and Tesseract. In India, Ultraviolette has rapidly grown from a new player to a presence in 30 cities within 12 months, targeting 100 cities by mid-2026.
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Internationally, the F77 has made inroads into the UK market, marking Ultraviolette's footprint in 12 European countries. Co-founder and CEO Narayan Subramaniam highlighted Lingotto's track record in mobility icons and Zoho's support for Indian innovation perfectly align with their vision.
Niraj Rajmohan, CTO & Co-Founder, Ultraviolette commented, "With the ongoing Series E investments, we are doubling down on growth and expanding our production to meet increasing demand. Our focus is on advancing breakthrough battery technology, elevating performance capabilities, and expanding production to support upcoming product platforms. This investment will accelerate our journey towards scaling into India and global markets."
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For India's two-wheeler EV segment, Ultraviolette stands out with its premium offerings amid intensifying competition. The X-47's popularity and F77's European exports position the company to capture a larger share of the performance electric motorcycle market. As production ramps up, riders can expect enhanced performance and wider accessibility.
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Ultraviolette was established in 2016 by Narayan Subramaniam and Niraj Rajmohan, and it is supported by a diverse group of international investors such as Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors, and Speciale Invest.