Private Equity VC Fund Investments
Electric two-wheeler maker Ultraviolette raises Rs.130-Cr From Zoho, others
Source Ultraviolette (opens in a new tab)Inc42 (opens in a new tab)
Bengaluru-based electric two-wheeler maker Ultraviolette Automotive has raised INR 130 crore (USD 15.3 million) in a fresh round of funding from its existing investor Zoho, Lingotto (formerly, Exor Capital), Mudhal Partners (the family office investment arm of Zoho cofounder Kumar Vembu), and Ojas Consultation.Ultraviolette Automotive was founded in 2016 by Narayan Subramaniam and Niraj Rajmohan.