Ultraviolette Secures $45 Million Funding from Zoho and Lingotto to Boost Electric Bike Expansion

Major Funding Boost for India’s EV Innovator

Ultraviolette — the Bengaluru-based electric motorcycle company — has secured USD 45 million in a fresh funding round (Series E), backed by Zoho Corporation and Lingotto (the investment arm associated with global mobility and performance-brand investors). Indian Startup News+2Business Standard+2

This latest infusion joins an earlier $21 million committed by another investor, indicating growing confidence in Ultraviolette’s long-term vision. Indian Startup News+1

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Growth Plans: Bikes, Tech, and Global Reach

• The funds will help scale production and distribution of Ultraviolette’s existing electric motorcycles: the flagship sporty F77 and the newly launched crossover X-47. ETAuto.com+2The Times of India+2

• The capital will also fuel development of next-generation EV platforms with internal project names such as Shockwave and Tesseract, representing the company’s ambition to deepen its product lineup and technological capabilities. Indian Startup News+2ETAuto.com+2

• Ultraviolette plans to expand its retail and production footprint across India — from 30 cities currently to a goal of reaching 100 cities by mid-2026. ETAuto.com+2The New Indian Express+2

• On the global front, the F77 model is now being sold in multiple European markets, signaling Ultraviolette’s intent to compete beyond India. ETAuto.com+2The Times of India+2

What This Funding Means for the EV Market & Consumers

This capital raise underscores rising investor confidence in electric mobility and performance-oriented EV offerings from Indian startups.

For consumers, it could translate to: better availability of electric bikes, improved aftermarket support, faster arrival of new models, and more competitive pricing — as production scales and costs optimize.

For the industry, it signals a shift: moving beyond low-speed commuter EVs to high-performance, aspirational electric motorcycles — potentially reshaping how Indians view EV two-wheelers.

Frequently Asked Questions (FAQ)

1. Who invested in Ultraviolette’s latest funding round?
   The $45 million Series E funding came from Zoho Corporation and Lingotto. Indian Startup News+1

2. What will Ultraviolette do with the new funds?
   The money will be used to ramp up production of existing models (F77 and X-47), develop upcoming platforms (Shockwave, Tesseract), and expand domestic and international distribution. ETAuto.com+2The Economic Times+2

3. Which bike models will benefit first from this fundraise?
   The flagship F77 electric sports bike and the recently launched X-47 crossover are the primary models for expansion under this fund raise. ETAuto.com+2The Times of India+2

4. What new models are being planned?
   The company is working on future platforms codenamed Shockwave and Tesseract, indicating new electric two-wheeler designs and possibly different bike segments. Indian Startup News+1

5. What is Ultraviolette’s expansion target within India?
   Ultraviolette plans to grow its presence from 30 cities to around 100 cities by mid-2026. ETAuto.com+1

6. Is Ultraviolette also targeting markets outside India?
   Yes — their F77 model is already being sold in parts of Europe, and they aim to further their global expansion. ETAuto.com+2The Times of India+2

7. How does this investment reflect on investor confidence?
   The participation of big investors like Zoho and Lingotto suggests strong belief in Ultraviolette’s technology, vision, and market potential. The Economic Times+2Entrackr+2

8. Does Ultraviolette have other notable backers?
   Yes — besides Zoho and Lingotto, Ultraviolette’s investor roster includes firms like TDK Ventures, Qualcomm Ventures, TVS Motor Company, and others. Business Standard+2TechCrunch+2

9. What kind of bikes does Ultraviolette build — utility or performance?
   Ultraviolette focuses on performance-oriented electric motorcycles — combining high performance, advanced engineering, and premium positioning, rather than mass-market utility scooters. The Economic Times+2TechCrunch+2

10. Could this lead to an IPO or further scaling up?
    Yes — with this level of funding and expansion plans, Ultraviolette appears to be positioning itself for substantial growth, possibly culminating in an IPO in coming years.