🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

Back to feeds

Applyly

Stealth • 17d

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

Somraj

 • 

Finicate • 7m

Startup Blueprint - Day 07 Financial Projections and Funding 1. Financial Forecast: Project revenue, expenses, and profits for the next year. 2. Break-Even Analysis: Calculate the point where your revenue covers costs. 3. Funding Options: Researc

See More
0 replies4 likes
5
Image Description

Inactive

Stealth • 6m

→ SAP acquires Israel-based WalkMe to boost embedded AI use cases → iD Fresh Food raises $68 Mn in Series D funding → Vidyut Tech secures $10 Mn in Series A funding → Yulu raises $82 Mn in Series B funding → Zypp Electric raises $12 Mn in funding

See More
1 replies3 likes
1
Image Description
Image Description

Vaibhav Babruwan Shingde

Stealth • 8m

• 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
13 replies28 likes

Biswajit banerjre

Stealth • 4m

"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

Applyly

Stealth • 20d

AdvantageClub.ai raises $4 Million Funding: Details and Future Plans AdvantageClub.ai, an employee engagement platform, has raised $4 million in fresh funding. Axilor Ventures led the funding round. Other investors included AFG Ventures, Bytez Ventu

See More
2 replies6 likes
Image Description
Image Description

Yash Barnwal

Stealth • 2m

⚡ 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

Stealth • 3m

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

Industry Insider

Stealth • 7m

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

Deepasnhu Chail

Stealth • 7m

Zoho When Zoho (formerly AdventNet) was starting out in the 90s, the founders spent several months hand-writing code for their software products. With little funding, they took an unconventional route - they licensed their software to computer manuf

See More
0 replies3 likes

Harshajit Sarmah

Stealth • 4m

Bitcoin restaking platform SatLayer raises $8M in a pre-seed funding round led by major investors like Hack VC and Franklin Templeton. SatLayer pioneers the restaking of Bitcoin and liquid-staking tokens on the Babylon protocol, enabling users to ea

See More
0 replies2 likes

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