Ultraviolette Raises $45M Series E from Zoho & Lingotto, Strengthening India’s Global EV Play

• This growth capital in Ultraviolette will accelerate the domestic and international scale up of current products F77 and X-47 and future product platforms Shockwave and Tesseract
• The investment from Zoho Corporation was led by Sridhar Vembu, Mani Vembu and Kumar Vembu
• Ultraviolette recently launched the X-47 Crossover electric motorcycle which has seen high demand across the country
• Ultraviolette has expanded to 30 cities across India in a short span of 12 months and is expanding to 100 cities by mid-2026

Ultraviolette, today announced that it has secured $45 million as part of its ongoing Series E round. The latest infusion comes from leading Indian technology company Zoho Corporation, and Lingotto one of Europe's largest investment management companies.

This continued momentum in Ultraviolette’s Series E round underscores sustained investor confidence in the company’s growth trajectory and global ambitions. With the F77 and the recently launched X-47, Ultraviolette has built a unique design and technology-led enterprise.

We are glad to announce our Series E investment from Zoho and Lingotto, said Narayan Subramaniam, Co-Founder & CEO, Ultraviolette. Lingotto’s legacy of backing iconic performance and mobility brands, combined with Zoho’s long-term commitment to fostering cutting-edge Indian innovation, aligns perfectly with Ultraviolette’s mission to build category-defining electric mobility solutions for India and global markets.

Niraj Rajmohan, CTO & Co-Founder, Ultraviolette commented, With the ongoing Series E investments, we are doubling down on growth and expanding our production to meet increasing demand. Our focus is on advancing breakthrough battery technology, elevating performance capabilities and expanding production to support upcoming product platforms. This investment will accelerate our journey towards scaling into India and global markets.

Ultraviolette (UV) is an innovator in future-ready Electric Vehicle Platforms and Battery Technology. Infused with Aviation DNA, this enterprise was conceived in 2016 by the founders, Narayan Subramaniam and Niraj Rajmohan. Ultraviolette is backed by a spectrum of global investors, including Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors, and Speciale Invest.