Ultraviolette Raises $45M to Expand Its Electric Sports Bike Globally
Indian electric vehicle startup Ultraviolette has secured $45 million in its latest investment round. The investment basics will help expand production of its F77 electric sports bike, which has already entered European markets. This marks the company’s second major investment boost in just four months.
Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette has quickly grown in the EV sector. Its flagship model, the F77, became the first Indian electric two-wheeler to earn European certification. The bike is now sold in 10 countries across Europe.
The Series E round was led by Zoho and Lingotto, following a $21 million investment from TDK Ventures earlier this year. While Zoho’s involvement is confirmed, other participating firms remain unnamed.
Funds from this round will go towards scaling up the F77 and the upcoming X-47 crossover motorcycle. The company also plans to develop two new product platforms, codenamed Shockwave and Tesseract. Expanding production capacity and improving battery technology are key priorities for the startup.
With fresh investment, Ultraviolette aims to meet rising demand for its electric bikes. The investment will also accelerate research into advanced battery systems. The company’s growth reflects increasing interest in Indian-made electric vehicles on the global stage.
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