[Update] Ultraviolette Raises $85 Mn To Scale EV Production

by · Inc42

SUMMARY

  • Electric two-wheeler maker Ultraviolette has raised $85 Mn in a Series E funding round co-led by Yali Capital and TDK Ventures
  • 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
  • The funding would be used to expand Ultraviolette’s manufacturing capacity and product portfolio, as well as strengthen its distribution network in India and overseas