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Total amount raised
$136M
Latest funding date
2025-12-03
Location
Ultraviolette Automotive has successfully raised funding over 10 rounds, with the latest being a Series E round. The company is backed by notable investors, including Lingotto and Zoho.
Keep reading to explore the intricacies of Ultraviolette Automotive's fundraising journey and the investors supporting this innovative electric vehicle manufacturer.
Ultraviolette Automotive has raised over $135.9 million across more than 10 funding rounds, backed by investors including Zoho Corporation, Lingotto, TDK Ventures, Qualcomm Ventures, EXOR N.V., and TVS Motor Company.
Keep reading to explore Ultraviolette Automotive's fundraising journey and what it means for the future of electric mobility.
What Is Ultraviolette Automotive?
Ultraviolette Automotive is a Bengaluru-based electric vehicle startup founded in 2016 by Narayan Subramaniam and Niraj Rajmohan. The company designs and manufactures high-performance electric motorcycles, most notably the F77 Mach 2 — India's fastest production electric motorcycle with a top speed of 155 km/h and an IDC range of up to 323 km. Ultraviolette is expanding its product lineup with offerings including the F77 SuperStreet, the Tesseract electric dirt bike, and the upcoming Shockwave electric scooter, while pursuing international market expansion across Europe and Southeast Asia.
How Much Funding Has Ultraviolette Automotive Raised?
- Seed Round (September 2017)
- Amount Raised: Undisclosed
- Date: September 2017
- Lead Investors: Speciale Invest
- Seed Round (December 2017)
- Amount Raised: Undisclosed
- Date: December 2017
- Lead Investors: TVS Motor Company
- Series A (August 2018)
- Amount Raised: ~$860,000 (INR 6 crore)
- Date: August 2018
- Lead Investors: TVS Motor Company
- Series B (September 2020)
- Amount Raised: ~$4.1 million (INR 30 crore)
- Date: September 2020
- Lead Investors: TVS Motor Company
- Series C (December 2021)
- Amount Raised: ~$14.88 million (INR ~112.5 crore)
- Date: December 2021
- Lead Investors: TVS Motor Company
- Participants: Zoho Corporation
- Series D — Tranche 1 (August 2022)
- Amount Raised: ~$10 million
- Date: August 2022
- Lead Investors: EXOR Capital (now Lingotto)
- Series D — Tranche 2 (November 2022)
- Amount Raised: $24 million
- Date: November 2022
- Lead Investors: Qualcomm Ventures, Lingotto (EXOR N.V.)
- Series E1 — Tranche 1 (December 2024)
- Amount Raised: ~$15.3 million (INR 130 crore)
- Date: December 2024
- Lead Investors: Zoho Corporation
- Participants: Lingotto Co-Invest Fund I, Mudhal Partners
- Series E1 — Tranche 2 (May 2025)
- Amount Raised: ~$3.85 million (INR 32.6 crore)
- Date: May 2025
- Lead Investors: Winever Industrial Enterprises, Dilip Anand Swadi
- Participants: Breathe Capital, Twin & Bull Family Office, Mangalam Equity Management, Resolute Futurewave, Aprameya Radhakrishna
- Series E — Tranche 3 (August 2025)
- Amount Raised: $21 million
- Date: August 2025
- Lead Investors: TDK Ventures
- Participants: Zoho Corporation, Lingotto, TVS Motor Company, Mudhal Partners, Sriharsha Majety, Ankit Nagori, Dulquer Salmaan, Aprameya Radhakrishna
- Series E — Tranche 4 (December 2025)
- Amount Raised: $45 million
- Date: December 4, 2025
- Lead Investors: Zoho Corporation, Lingotto
Total Amount Raised: At least $135.9 million based on disclosed funding across all rounds.
Key Investors
- Zoho Corporation
- Details: India-based global SaaS company led by Sridhar Vembu. Zoho first invested in the Series C round (2021) and has participated in every subsequent round through Series E, including leading the December 2024 tranche and co-leading the December 2025 $45M raise.
- Lingotto (formerly EXOR Capital / EXOR N.V.)
- Details: Europe-based investment management company (Ferrari family-backed). Lingotto first backed Ultraviolette in the Series D round (August 2022) and has continued through the Series E, co-leading the latest $45M round.
- TDK Ventures
- Details: Corporate venture arm of Japan's TDK Corporation. TDK Ventures led the $21M Series E tranche in August 2025, marking a strategic move to expand Ultraviolette's global technology partnerships.
- Qualcomm Ventures
- Details: Venture investment arm of Qualcomm Inc. Co-led the November 2022 Series D extension round of $24 million.
- TVS Motor Company
- Details: One of India's largest two-wheeler manufacturers and Ultraviolette's earliest institutional backer. TVS has invested across Series A, B, and C rounds starting in 2017, and has continued as a participant in subsequent rounds.
- Speciale Invest
- Details: Early-stage Indian deep-tech focused VC. Was among the first institutional investors in Ultraviolette's September 2017 seed round.
What's Next for Ultraviolette Automotive?
With over $135.9 million raised and a growing global investor base, Ultraviolette Automotive is gearing up for its next phase of growth. The company plans to expand production capacity, scale its F77 electric motorcycle lineup internationally, and launch new models including the Tesseract electric dirt bike and the Shockwave electric scooter. Ultraviolette is also exploring opportunities in European and Southeast Asian markets, with a potential IPO on the horizon as it continues to scale revenue and operations.
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