Ultraviolette Raises $15M In Series C Round

Ultraviolette Automotive Pvt Ltd, a Bengaluru-based electric two-wheeler startup, has allegedly secured $14.85 million (Rs 112.5 crore) in a Series C financing from TVS Motor and Zoho Corporation.

Ultraviolette is a company that designs, develops, and manufactures electric two-wheelers and accessories. It was founded in 2015.

In October of last year, the business raised Rs 50 crore in a Series B investment led by TVS Motor and GoFrugal.

As of FY2021, the Chennai-based two-wheeler company owned 29.48 percent of Ultraviolette.