Ultraviolette raises Series C investment from TVS Motor Company, Zoho

Date: 13 Dec 2021

Ultraviolette Automotive Pvt. Ltd., an innovator in sustainable mobility, announced that it has raised a new round of capital in its Series C funding, led by TVS Motor Company. Zoho Corporation has joined this round along with TVS Motor, to support Ultraviolette’s vision of developing high performance mobility solutions for India and global markets. TVS Motor Company, which has been an early backer of the company, has led the investment in this round.

Ultraviolette, which is setting-up its manufacturing and assembling facility in Electronics City, Bengaluru, will utilise this investment towards the production and commercial launch of its high-performance electric motorcycle, the F77, and will roll out the first batch of motorcycles in the first half of 2022.

Ahead of the commercial launch of the motorcycle, Ultraviolette Automotive has been rigorously testing the F77 across different terrains in the country, to validate the motorcycle’s drivetrains, chassis and battery capability using several quantitative and qualitative parameters. The company is currently in the final stages of testing and will commence production of the F77 in the first half of 2022.

Narayan Subramaniam, Founder and CEO, Ultraviolette Automotive Pvt. Ltd. said, ‘’Innovation, design, and performance are critical elements for triggering a revolution, and I believe that Ultraviolette personifies these elements to deliver an exhilarating mobility experience. Consumer preference will change when EV’s deliver performance and experience, surpassing the current generation of IC engine bikes. This investment from TVS Motor Company and Zoho Corp. is a validation of our endeavour to redefine the future of mobility.”

“Since our inception, our goal has been to build a future-ready technology that serves as a game changer in the mobility ecosystem. And we believe the F77 will redefine the global perception of electric mobility. It is exciting to have investors who have doubled down to back us in our journey towards building cutting edge mobility solutions for global markets”, said Niraj Rajmohan, Founder and CTO, Ultraviolette Automotive Pvt. Ltd.

Ultraviolette has received over 50,000 booking interests for the F77 from across the world and will begin test rides and deliveries of the motorcycles in the first half of 2022.

The F77 is India’s first high performance electric motorcycle built with principles used in the aviation industry. With an acceleration of 0-60 in 2.9 seconds, top speed of 140 kmph, and a range of 150 km on a single charge, the F77 is a smart and connected electric motorcycle that comes with remote diagnostics over-the-air (OTA) upgrades, regenerative braking, multiple ride modes, bike tracking, ride diagnostics and whole lot of other features.

 

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