E-motorcycle company Ultraviolette raises $45 milion

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E-motorcycle company <h2>Ultraviolette</h2> <p> raises $45 milion” title=”<p>Sridhar Vembu</p>” decoding=”async” fetchpriority=”high”/></p></div> </div> </div> </section> </div></div> </div> <p>BENGALURU: Electric motorcycle maker Ultraviolette raised $45 million in fresh growth capital from Zoho Corporation and European investment firm Lingotto as part of its ongoing series E round.<!-- --> The company said the funding will be used to scale production and sales of its flagship F77 electric sportbike and the new X-47 crossover, as well as to develop upcoming platforms codenamed Shockwave and Tesseract.<span class=The investment from Zoho was led by Sridhar Vembu, along with Mani and Kumar Vembu, noting growing domestic tech-founder backing for the EV ecosystem.

Lingotto adds to a global investor list that includes TVS Motor, Qualcomm Ventures, and TDK Ventures.

Ultraviolette expanded from zero to 30 cities in India over the past 12 month.

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