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Ultraviolette raises Rs 130 Cr funding from Zoho, others The electric vehicle industry in India has been evolving rapidly over recent years. Ultraviolette has swiftly entered the market with a strong presence and innovative offerings. The Bengaluru-based electric motorcycle manufacturer Ultraviolette raises Rs 130 Cr in funding round. This financial milestone reflects growing investor confidence in India’s expanding electric vehicle market. Strategic Investors Fuel Ultraviolette’s Ambitious Vision The latest funding round brings together an impressive consortium of investors with diverse technological backgrounds. Zoho Corporation, the renowned SaaS technology company, leads the investment alongside Lingotto Co-Invest Fund I and Mudhal Partners. These strategic investors recognise the immense potential of Ultraviolette’s innovative electric motorcycle technology. Delving into the technical details, the company’s board approved a nuanced financial instrument. They allotted 4,52,431 preference shares with a nominal face value of ₹10 per share. The premium attached to these shares stands at an impressive ₹2,864, bringing the total issue price to ₹2,874 per share. This calculated approach demonstrates the company’s sophisticated financial engineering.
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Ultraviolette F77 Goes Global – Launched in 10 European Countries! Bangalore-based EV startup Ultraviolette has officially launched its high-performance electric motorcycle, the F77, across 10 European nations, including Germany, France, Italy, and
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Oben Electric Raises ₹100 Cr in Series A Round to Expand Affordable EVs Nationwide Bengaluru-based EV startup Oben Electric has secured ₹100 Cr in Series A funding, with an additional ₹50 Cr in extended Series A, bringing its total raise to ₹200 Cr.
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"Never Break Down Again: The Ultimate Hybrid Kit for Motorcycle Reliability" 1. **Electric Motor:** Integrated into the drivetrain or as a separate unit to assist the combustion engine. 2. **Battery Pack:** Provides power to the electric motor. 3.
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