Bengaluru-based electric two-wheeler startup Ultraviolette Automotive Pvt Ltd has reportedly raised $14.85 million or Rs 112.5 crore from TVS Motor and Zoho Corporation in a Series C round, according to an MCA filing dated December 8, 2021.
TVS Motor Company led the round, infusing $9.9 million (Rs 75 crore) in Ultraviolette Automotive. Zoho has invested $5 million (Rs 37.5 crore) for a 2.46 percent stake in the venture.
Founded in 2015, Ultraviolette designs, develops and manufactures electric two-wheelers and their accessories.
The startup raised Rs 50 crore of capital in a Series B round in October last year from TVS Motor and GoFrugal.
