Ultraviolette raises USD 45 million in its ongoing Series E funding round from Zoho and Lingotto

Ultraviolette announced that it has raised USD 45 million as part of its ongoing Series E funding round. The latest investment comes from Zoho Corporation, an Indian technology company, and Lingotto, an investment management firm based in Europe.

According to the company, the capital will support domestic and international expansion of current products F77 and X-47, and development of future platforms Shockwave and Tesseract. Zoho’s participation in the round was led by Sridhar Vembu, Mani Vembu, and Kumar Vembu.

Ultraviolette recently introduced the X-47 crossover electric motorcycle, which the company states has recorded demand across India. The company has expanded operations to 30 cities across India within 12 months and plans to reach 100 cities by mid-2026. The F77 electric motorcycle was recently launched in the United Kingdom, and Ultraviolette is now present in 12 European countries.

Narayan Subramaniam, Co-Founder and CEO of Ultraviolette said, “We are glad to announce our Series E investment from Zoho and Lingotto. Lingotto’s legacy of backing iconic performance and mobility brands, combined with Zoho’s long-term commitment to fostering cutting-edge Indian innovation, aligns perfectly with Ultraviolette’s mission to build category-defining electric mobility solutions for India and global markets.”

Niraj Rajmohan, CTO & Co-Founder, Ultraviolette commented “With the ongoing Series E investments, we are doubling down on growth and expanding our production to meet increasing demand. Our focus is on advancing breakthrough battery technology, elevating performance capabilities and expanding production to support upcoming product platforms. This investment will accelerate our journey towards scaling into India and global markets.”

Also read: Ultraviolette secures $12M with participation form TDK Ventures