Exclusive: Ultraviolette To Raise ₹373 Cr As Manufacturing Facility BIGGA Takes Shape

by · Inc42

SUMMARY

  • Electric two-wheeler (E2W) maker Ultraviolette Automotive is set to raise an additional ₹373.04 Cr as part of its ongoing Series E funding round
  • The funding comes at a time when the E2W maker is investing more than ₹1,000 Cr over the next five years to expand its manufacturing footprint
  • Of this, Ultraviolette has raised ₹249.2 Cr from Yali Capital’s Yali Deeptech Fund I as well as TDK Ventures