Ultraviolette Secures INR 130 Cr Funding Boost

CosmicTaco · 2024-12-05T09:22:36.787889+05:30

- Ultraviolette Automotive raised INR 130 Cr ($15.3 Mn) from Zoho, Lingotto, Mudhal Partners, and Ojas Consultation. - The funding round, led by Zoho, brings Ultraviolette's total capital to $75 Mn; the startup recently launched the F77 Mach 2 ebike in Europe. - Despite a net loss of INR 61.5 Cr in FY24, Ultraviolette aims to expand its electric bike market presence. Source: [Inc42](https://inc42.com/buzz/exclusive-ultraviolette-raises-inr-130-cr-from-zoho-others/)

Ultraviolette Automotive raised INR 130 Cr ($15.3 Mn) from Zoho, Lingotto, Mudhal Partners, and Ojas Consultation.
The funding round, led by Zoho, brings Ultraviolette's total capital to $75 Mn; the startup recently launched the F77 Mach 2 ebike in Europe.
Despite a net loss of INR 61.5 Cr in FY24, Ultraviolette aims to expand its electric bike market presence.

Source: Inc42