Ultraviolette announced today that it has secured $45 million as part of its ongoing Series E funding round. The latest investment comes from Zoho Corporation and Lingotto, one of Europe’s largest investment management firms.
The continued progress of the Series E round reflects strong investor confidence in Ultraviolette’s expansion plans and global roadmap. With products such as the F77 and the newly introduced X-47, the company has established itself as a technology-driven electric mobility pioneer.
“We are pleased to welcome Zoho and Lingotto as part of our Series E round,” said Narayan Subramaniam, Co-Founder and CEO of Ultraviolette. “Lingotto’s history of backing global mobility brands and Zoho’s commitment to nurturing Indian innovation align strongly with our vision of building breakthrough electric mobility platforms for India and international markets.”
Niraj Rajmohan, Co-Founder and CTO, added “With this continued funding, we are scaling manufacturing to meet rising demand and accelerating advancements in next-generation battery systems and performance engineering. This round will support industrialization of upcoming product platforms and strengthen our readiness for domestic and global expansion.”
Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette develops advanced electric vehicle platforms and high-density battery systems with design and engineering inspired by aviation technology. The company is backed by global investors including Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motor Company, and Speciale Invest.
