Ultraviolette raises $45 million from Zoho and Lingotto – a major leap forward for the Indian EV sector

India’s electric mobility sector is witnessing rapid growth, driven by rising demand for EV scooters, bikes, and cars. Amid this momentum, Bengaluru-based Ultraviolette Automotive has raised $45 million (₹375 crore) in its Series E round, led by Zoho Corporation and Lingotto.

This investment marks a major boost not just for Ultraviolette but for the entire EV ecosystem, signaling India’s growing strength in both EV markets and technology development.

Ultraviolette: India's Premium Electric Motorcycle Company

Founded in 2016 by Narayan Subramaniam and Neeraj Rajmohan, Ultraviolette aims to build electric motorcycles that rival petrol bikes in performance and technology.

Today, it is one of India’s most innovative EV companies, with its flagship F77 creating a new category of electric sports bikes. Beyond manufacturing, Ultraviolette focuses on building a world-class EV engineering ecosystem with globally competitive performance, range, and design.

Series E Funding: The Full Story

This funding round is historic for the company for several reasons. Ultraviolette raised $45 million in this new round, with Zoho and Lingotto as lead investors. Previously, the company had raised a total of $66 million in the past four months, including $21 million from TDK Ventures in November.

CEO Narayan Subramanian said of the funding: “The support from Zoho and Lingotto strengthens our electric mobility vision. Our goal is to build world-class EV technology from India.”

This statement clearly indicates that Ultraviolette is moving forward with the intention of carving out a niche not just for the Indian market, but also for the global EV landscape.

The Role of Investors and Its Importance

The uniqueness of this funding round is that the investors involved bring not only capital but also strategic guidance.

Why is Zoho's investment special: Zoho is one of India's most successful SaaS companies and typically makes long-term investments. Their investment in Ultraviolette reflects two things—first, the growing confidence in Indian EV innovation; and second, their commitment to taking Indian technology forward on the global stage.

Lingotto's Experience: Europe-based Lingotto has invested in global brands and their expertise will play a key role in Ultraviolette's expansion into Europe and other international markets. Their participation signals that Ultraviolette can become a strong player not only in India but also in the international EV market.

F77: India's First Global Electric Sports Bike

Ultraviolette's popularity began with its flagship model, the F77. The F77 redefined electric bikes in the Indian market. Its design is truly sports bike-like—aerodynamic, powerful, and high-performance.

Featuring features like aeronautical-grade battery technology, a top speed of 100+ km/h, and a zero-emission powertrain, it became India's first electric motorcycle to receive European certification. Furthermore, Ultraviolette launched the F77 in 10 European countries, marking a historic first for an Indian EV motorcycle company. This also demonstrates the global acceptance of India's EV technology.

X-47: Ultraviolette's New Launch

Following the success of the F77, the company recently launched its new crossover electric motorcycle, the X-47. This model offers a balanced blend of sporty style, high performance, and everyday convenience. The X-47 shows that Ultraviolette is no longer limited to just making sports bikes, but is working on creating EV motorcycle platforms for different segments.

Where will the new investment be used?
The largest portion of the new investment will be invested in expanding production capacity. Given the growing demand for the F77 and X-47, Ultraviolette needs significant manufacturing scale-up. The company is also working on two new product platforms—Shockwave and Tesseract—that will form the foundation of a new generation of electric motorcycles in the coming years.

According to the company's CTO, Neeraj Rajmohan, Ultraviolette is investing heavily in battery technology. This will include improved energy density, faster charging, thermal management, and high-performance battery systems. Battery technology is the biggest challenge in the Indian EV market, and Ultraviolette is working to lead the way.

Impact on India's EV Sector

Ultraviolette's funding will have a profound impact on India's EV industry.

This investment demonstrates the growing confidence of international investors in Indian EV companies. Companies like Ultraviolette are proving that India is not just a market for budget EVs, but can also produce high-performance and premium EV products.

As part of the "Make in India" mission, the entire bike—from design, engineering, to batteries—is being developed in India. The expansion of production and R&D teams will also create thousands of new jobs.

Ultraviolette's Future: What's Next?

Following the funding, the company's next steps are clear—retail expansion in India, large-scale exports to Europe and Asia, the launch of a new generation of electric motorcycles, and the development of indigenous battery technology.

Ultraviolette is leading the premium and performance segment in the Indian EV market and is rapidly progressing towards becoming a global brand in the coming years.

Conclusion

Ultraviolette's $45 million funding round is a major milestone for the Indian EV industry. This will not only allow the company to expand but also showcase India's EV engineering capabilities globally. Models like the F77 and X-47, and upcoming platforms Shockwave and Tesseract, prove that India now has the potential to lead the world not only in EV adoption but also in EV technology development.

Ultraviolette's journey has just begun and in the years to come, the brand could become the face of the Indian electric motorcycle industry.

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FAQs

1. How much funding has Ultraviolette raised?

The company raised $45 million in a Series E round.

2. Who are the key investors in this round?

Zoho Corporation and Europe-based Lingotto are the key investors in this round.

3. What is Ultraviolette's flagship bike?

The company's flagship electric sports bike is the F77.

4. Are Ultraviolette's bikes sold outside of India?

Yes, the F77 has been launched in 10 countries in Europe.