Bengaluru-based electric vehicle startup Ultraviolette raises USD 45 Million in fresh funding as part of its ongoing Series E round. The investment comes from Zoho Corporation and European investment firm Lingotto, marking a significant milestone in the company’s ambitious expansion journey across India and global markets. The round was led by Zoho founders Sridhar Vembu, Mani Vembu, and Kumar Vembu, along with Lingotto, a firm known for backing iconic mobility brands such as Ferrari.
This strategic funding will play a crucial role in accelerating Ultraviolette’s production growth, product innovation, and international expansion. The company plans to channel the capital into scaling manufacturing capacity for its flagship electric performance motorcycle, the F77, and the newly launched X-47 crossover electric bike. Alongside this, Ultraviolette will also invest heavily in advancing its battery technology and enhancing performance capabilities.
One of the major focus areas of the funding is the development of future product platforms codenamed Shockwave and Tesseract, which are expected to further strengthen Ultraviolette’s presence in the premium electric two-wheeler segment. These upcoming platforms underline the company’s long-term commitment to innovation and high-performance electric mobility.
On the domestic front, Ultraviolette has witnessed rapid growth over the past year. From being a niche startup, the brand has expanded its footprint to 30 cities across India within just 12 months. With the new infusion of capital, the company aims to aggressively scale its operations and reach 100 Indian cities by mid-2026, significantly boosting accessibility and customer reach.
Internationally, Ultraviolette is gaining strong traction as well. The F77 performance motorcycle has already entered the UK market, and the company now has a presence in 12 European countries, reflecting growing global demand for its high-performance electric offerings.
Commenting on the development, Co-founder and CEO Narayan Subramaniam highlighted that Zoho’s strong belief in Indian innovation and Lingotto’s legacy in global mobility perfectly align with Ultraviolette’s vision. CTO and Co-founder Niraj Rajmohan added that the Series E funding will help double down on growth, expand production to meet rising demand, and fast-track Ultraviolette’s journey toward becoming a global EV powerhouse.
With this funding boost, Ultraviolette is positioning itself as one of India’s most promising electric motorcycle brands with a rapidly expanding global footprint.
Related Articles:-
