Ultraviolette Automotive Secures $45 Million Growth Capital From Lingotto And Zoho

Ultraviolette Automotive, India’s innovative electric vehicle manufacturer, announced that it has secured $45 million in fresh funding from Lingotto, an investment firm linked to Ferrari-owner Exor, and Zoho Corporation. The capital infusion comes at a crucial time as the company ramps up production of its flagship F77 sports bike and newly launched X-47 crossover motorcycle. The funds will also support the development of upcoming models codenamed Shockwave and Tesseract, while enabling expansion into new domestic and international markets.  

 

Key highlights from the announcement include  

This funding round highlights investor confidence in Ultraviolette’s vision to lead India’s EV revolution and compete globally in the premium electric motorcycle segment.  

 

Sources: Moneycontrol, NewsBytes, Economic Times