Ultraviolette Automotive has raised Rs 30 cr by the leading two-wheeler and three-wheeler manufacturer TVS Motor Company, as a part of its ongoing Series B funding. Undisclosed sources within the company added that the round will soon see investment from several other key stakeholders.
Narayan Subramaniam, Founder and CEO, Ultraviolette Automotive Pvt Ltd, said in a press statement, “We have seen significant advancements in the transportation and mobility industry globally, with an increased demand for personal mobility in recent times. We also see rapid growth in the Indian two-wheeler industry with a special focus on
electric vehicles, and it is in this context that we set out to create the F77 – India’s first high-performance motorcycle."