Back

Applyly

Hey I am on Medial • 5m

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.

1 replies7 likes
Replies (1)

More like this

Recommendations from Medial

Image Description

Mridul Das

Introvert! • 1m

Exciting news for India's EV world! Bengaluru-based electric motorcycle manufacturer Ultraviolette⚡ has officially expanded into the UK and Benelux markets (Belgium, Netherlands, and Luxembourg) through a strategic partnership with MotoMondo. The

See More
2 replies11 likes
2

Shanu Chhetri

CS student | Tech En... • 16d

Royal Enfield is launching an electric bike. 💀 Their first electric motorcycle, the Flying Flea C6, is expected to be released in 2026. It will be introduced under a new sub-brand called "Flying Flea".

0 replies4 likes

Mahendra Lochhab

Content creator • 2m

The Bear House raises Rs 50 Cr in Series A round led by JM Financial

0 replies4 likes

Biswajit banerjre

Business , ideas, pr... • 9m

"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.

See More
0 replies2 likes
Image Description
Image Description

mg

News & updates • 3m

Meta’s revenue has surged dramatically: from $382,000 in its first year to an impressive $382,000 per minute in 2025. This explosive growth highlights the company’s dominance and innovation in the tech industry.

2 replies11 likes
Image Description
Image Description

Yash Barnwal

Gareeb Investor • 7m

⚡ Who owns Ola Electric? 🚗🔋 With Bhavish Aggarwal holding 30%, and SoftBank Vision Fund close behind at 17.8%, Ola Electric is driving the future of electric mobility! 🌍🔌 From global investors like Hyundai and Alpha Wave to retail investors, ever

See More
3 replies10 likes
2
Image Description
Image Description

Inactive

AprameyaAI • 9m

Breaking news: Zoho has launched Zoho Payments, a new platform designed for B2B transactions. This service aims to streamline online payments for businesses, allowing them to manage transactions efficiently. Zoho Payments integrates with existing

See More
9 replies6 likes
1

Business Insider

Let's grow together!... • 1y

OpenAI, the trailblazing AI studio that played a pivotal role in bringing AI to non-technical audiences, is grappling with potential financial difficulties. Recent reports suggest that the company’s flagship AI chatbot, ChatGPT, is incurring a stagge

See More
0 replies6 likes
Image Description
Image Description

Vaibhav Babruwan Shingde

Student • 1y

• Let's Decode OLA Electric Today ♥️🚀🤩 • Ola Electric is one of India's leading EV startups, founded in 2017 by Bhavish Aggarwal . It has become a unicorn company, valued at over $5.4 billion. • Investors: •Raised almost $5 billion from top inve

See More
14 replies28 likes

Applyly

Hey I am on Medial • 5m

Electric Scooter Wars: Rajiv Bajaj Trolls Ola Electric Scooter Wars: Bajaj MD Rajiv Bajaj Trolls Ola with Bold Claim Electric two-wheeler market share in India is becoming more and more competitive. Recently, the MD of Bajaj Auto, Rajiv Bajaj, made a

See More
0 replies2 likes

Download the medial app to read full posts, comements and news.