Ultraviolette, an electric vehicle company, has secured $45 million in its Series E funding, led by Zoho Corporation and Lingotto. This investment shows strong faith in the company’s plans for electric vehicles.
Though the final amount and value aren’t public, this funding shows institutions are interested in high-end, well-designed EV brands coming from India. following a $21 million raise in August 2025, this round stands at $66 million. To date, Ultraviolette has raised $145 million with investments from TVS Motor Company, Mudhal Partners, and others, making it one of India’s top-funded advanced mobility brands.
The money will go towards increasing production of their F77 electric motorcycle and newly X47 crossover. They are also speeding up work on new platforms, codenamed Shockwave and Tesseract, which should grow their product line and boost India’s position as a hub for mobility innovation.
Ultraviolette also intends to grow their reach. They’re currently in 30 Indian cities and want to be in 100 by mid-2026, expanding their reach to customers.. This fits with the trend of Indian brands focusing on retail experiences, mixing online tools with physical stores.
Internationally, the F77 is now available in the UK and across 12 European countries. With demand for performance EVs growing, Ultraviolette is becoming a fast-growing brand in the electric mobility market.
In fiscal year 2025, revenue increased to Rs 32.3 crore, doubling from Rs 15 crore in fiscal year 2024, showing strong demand even at an early stage. Ultraviolette sold about 1,168 vehicles in 2025. However, net losses increased to Rs 116 crore because of capacity expansion, research and development, and preparations for entering the global market.
The electric two-wheeler market is getting more competitive. Yet Ultraviolette’s emphasis on engineering, performance design, and brand creates a strong position.
As India’s market changes, Ultraviolette is becoming a brand that is shaping consumer behavior, redefining mobility. With more capital, faster production, greater retail access, and global presence, the brand aims to transform from a promising electric disruptor to a global mobility competitor.
