Ultraviolette Secures INR 130 Cr Funding Boost

• Ultraviolette Automotive raised INR 130 Cr ($15.3 Mn) from Zoho, Lingotto, Mudhal Partners, and Ojas Consultation.
• The funding round, led by Zoho, brings Ultraviolette's total capital to $75 Mn; the startup recently launched the F77 Mach 2 ebike in Europe.
• Despite a net loss of INR 61.5 Cr in FY24, Ultraviolette aims to expand its electric bike market presence.

Source: Inc42