Major Investment Boosts Series E Momentum
Ultraviolette has raised $45 million as part of its ongoing Series E round, attracting fresh capital from Zoho Corporation and Lingotto, one of Europe’s largest investment management firms. The funding reflects continued investor confidence in the company’s growth trajectory, design capabilities and global ambitions in high-performance electric mobility.
Scaling F77, X-47 and Upcoming Product Platforms
The investment will accelerate domestic and international expansion of the company’s electric motorcycle portfolio. Ultraviolette aims to scale its flagship F77 and the newly launched X-47 crossover, which has witnessed strong demand across India. The company is simultaneously preparing to advance two future platforms—Shockwave and Tesseract—which will expand its footprint across performance EV categories.
In the last 12 months, Ultraviolette has expanded operations to 30 cities across India, with plans to reach 100 cities by mid-2026. Internationally, the F77 was recently launched in the UK, extending the company’s presence to 12 European countries.
Leveraging Strategic Backing to Advance Technology
The investment from Zoho was led by Sridhar Vembu, Mani Vembu and Kumar Vembu. According to Ultraviolette’s leadership, Zoho’s long-term focus on Indian technology innovation and Lingotto’s legacy of supporting performance-driven mobility brands align closely with the company’s mission.
Ultraviolette plans to channel the new funds into advanced battery technology, performance engineering, and expanded production capacity to meet rising demand. The company aims to strengthen manufacturing scale and deepen R&D efforts for its next-generation EV platforms.
Aviation DNA Behind a Global EV Ambition
Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette integrates aviation-inspired engineering into electric mobility. Backed by investors including Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors and Speciale Invest, the company is positioning itself as a leader in premium electric motorcycles for India and global markets.
