Ultraviolette Automotive has announced securing $45 million in its ongoing Series E funding round, with investments from Indian technology company Zoho Corporation and European investment management firm Lingotto.
The funding will support Ultraviolette's expansion plans for its current product lineup, including the F77 and recently launched X-47 Crossover electric motorcycle, as well as future platforms named Shockwave and Tesseract. The investment from Zoho Corporation was led by Sridhar Vembu, Mani Vembu, and Kumar Vembu.
"Lingotto's legacy of backing iconic performance and mobility brands, combined with Zoho's long-term commitment to fostering cutting-edge Indian innovation, aligns perfectly with Ultraviolette's mission to build category-defining electric mobility solutions for India and global markets," said Narayan Subramaniam, Co-Founder and CEO of Ultraviolette.
The company has demonstrated rapid growth in its market presence, expanding to 30 cities across India within 12 months. Ultraviolette aims to reach 100 cities by mid-2026. The company recently entered international markets, launching F77 motorcycles in the United Kingdom, bringing its presence to 12 countries across Europe.
Niraj Rajmohan, CTO and Co-Founder, stated that the investment would enable the company to advance battery technology, enhance performance capabilities, and expand production capacity. The X-47 Crossover electric motorcycle has reportedly seen high demand across the country since its launch.
Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette is backed by a portfolio of global investors including Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors, and Speciale Invest. The company positions itself as an innovator in electric vehicle platforms and battery technology with aviation-inspired engineering.