[Update] Ultraviolette Raises $85 Mn To Scale EV Production
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Update | September 23, 13:10 IST
Electric two-wheeler startup Ultraviolette Automotive has raised $85 Mn (about ₹813 Cr) in a Series E round co-led by Yali Capital and TDK Ventures. Intel CEO Lip-Bu Tan and other investors also participated in the round.
Cofounder and CEO Narayan Subramaniam told Inc42 that the startup would use the capital to expand its manufacturing capacity and product portfolio, as well as strengthen its distribution network in India and overseas.
“We are looking to enter
Electric two-wheeler startup Ultraviolette Automotive has raised $85 Mn (about ₹813 Cr) in a Series E round co-led by Yali Capital and TDK Ventures. Intel CEO Lip-Bu Tan and other investors also participated in the round.
Cofounder and CEO Narayan Subramaniam told Inc42 that the startup would use the capital to expand its manufacturing capacity and product portfolio, as well as strengthen its distribution network in India and overseas.
“We are looking to enter
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