Ultraviolette has 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, it 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 their mission to build category-defining electric mobility solutions for India and global markets,” he further added

Niraj Rajmohan, CTO & Co-Founder, Ultraviolette, said “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. It is backed by a spectrum of global investors, including Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors, and Speciale Invest.