Ultraviolette Secures Growth Capital from Zoho and Lingotto

Ultraviolette announced that it has secured $45 million as part of its ongoing Series E round. The latest infusion comes from leading Indian technology company Zoho Corporation and Lingotto, one of Europe's largest investment management companies. 

This continued momentum in Ultraviolette’s Series E round underscores sustained investor confidence in the company’s growth trajectory and global ambitions. With the F77 and the recently launched X-47, Ultraviolette has built a unique design and technology-led enterprise.

“We are glad to announce our Series E investment from Zoho and Lingotto,” said Narayan  Subramaniam, Co-Founder & CEO, Ultraviolette. “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.”