7 months ago
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Ultraviolette, a Bengaluru-based steadfast that manufactures show electrical motorcycles, connected December 4 stated that it had raised $45 cardinal arsenic portion of an ongoing Series E round, from Zoho Corporation, and Lingotto, an Italian concern steadfast associated with planetary show brands, including Ferrari.
According to Ultraviolette, this maturation superior volition accelerate its home and planetary scale-up of existent products F77 and X-47, and aboriginal merchandise platforms Shockwave and Tesseract.
Narayan Subramaniam, co-founder & CEO, Ultraviolette, said, “Lingotto’s bequest of backing iconic show and mobility brands, combined with Zoho’s semipermanent committedness to fostering cutting-edge Indian innovation, aligns perfectly with Ultraviolette’s ngo to physique category-defining electrical mobility solutions for India and planetary markets.”
Niraj Rajmohan, CTO & co-founder, Ultraviolette, said, “With the ongoing Series E investments, the steadfast is doubling down connected maturation and expanding its accumulation to conscionable expanding demand. Our absorption is connected advancing breakthrough artillery technology, elevating show capabilities and expanding accumulation to enactment upcoming merchandise platforms. This concern volition accelerate our travel towards scaling into India and planetary markets.’’
The concern from Zoho Corporation was led by Sridhar Vembu, Mani Vembu and Kumar Vembu.
