Ultraviolette raises $45M as part of its ongoing Series E round from Zoho and Lingotto
The company said the new capital will power its next phase of scale-up—both in India and abroad—across its current products, the F77 electric motorcycle and the recently launched X-47 crossover, as well as future platforms Shockwave and Tesseract.
Electric mobility startup has secured $45 million in fresh funding as part of its ongoing Series E round, bringing Zoho Corporation and Europe-based investment firm Lingotto as new investors. The funding from Zoho was led by Sridhar Vembu, Mani Vembu, and Kumar Vembu.
The company had last raised $21 million in August this year, which included a strategic investment from Japanese deeptech investor TDK Ventures, the corporate venture capital arm of Tokyo exchange listed TDK Corporation.
The company said the new capital will power its next phase of scale-up—both in India and abroad—across its current products, the F77 electric motorcycle and the recently launched X-47 crossover, as well as future platforms Shockwave and Tesseract.
Ultraviolette has seen strong market response, particularly for the X-47, which has been in high demand nationwide. The company has rapidly expanded its presence to 30 cities within 12 months, with plans to reach 100 cities by mid-2026.
Internationally, Ultraviolette recently launched the F77 in the United Kingdom, extending its footprint to 12 European countries.
“We are glad to announce our Series E investment from Zoho and Lingotto,” said Narayan Subramaniam, Co-Founder & CEO of Ultraviolette. “Lingotto’s legacy of backing iconic mobility brands, combined with Zoho’s commitment to Indian innovation, aligns perfectly with our mission to build category-defining electric mobility solutions.”
Co-founder & CTO Niraj Rajmohan added that the Series E momentum will help Ultraviolette scale manufacturing and deepen R&D. “Our focus is on advancing breakthrough battery technology, elevating performance capabilities, and expanding production to support upcoming product platforms,” he said.