Exclusive: Ultraviolette Raises INR 130 Cr From Zoho, Others

Ultraviolette, an electric vehicle startup, has raised INR 130 crore from Zoho and other investors. The funding will be used to accelerate the development of its electric motorcycles and expand its manufacturing capacity. Ultraviolette aims to capture a significant share of the growing EV market in India, which is seen as a key growth sector for the future. The investment will help the company scale production and further refine its product offerings, addressing the demand for sustainable and innovative transportation solutions. This round of funding underscores the growing interest in electric mobility in India.