BENGALURU: Bengaluru-based electric motorcycle maker Ultraviolette has raised $45 million in fresh growth capital from Zoho Corporation and European investment firm Lingotto as part of its ongoing Series E round.The company said the funding will be used to scale production and sales of its flagship F77 electric sportbike and the new X‑47 crossover, and to develop upcoming platforms codenamed Shockwave and Tesseract.The investment from Zoho was led by Sridhar Vembu along with Mani and Kumar Vembu, underscoring growing domestic tech‑founder backing for India’s EV ecosystem, while Lingotto adds to a global investor list that already includes TVS Motor, Qualcomm Ventures and TDK Ventures.Ultraviolette has expanded from zero to 30 cities in India in 12 months and plans to reach 100 cities by mid‑2026. It also recently launched the F77 in the UK, taking its European footprint to 12 countries. Co‑founder and CEO Narayan Subramaniam said the Series E momentum will help “build category‑defining electric mobility solutions for India and global markets,” while co‑founder and CTO Niraj Rajmohan said the company is doubling down on battery technology and performance as it scales.
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