Ultraviolette Secures Growth Capital from Zoho and Lingotto as Part of the Ongoing Investment Round

Ultraviolette, the world's most advanced EV platforms, led by Narayan Subramanian and Niraj Rajmohan, 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.

The continued momentum in Ultraviolette Automotive’s Series E round underscores strong investor confidence in its growth trajectory and global ambitions. With the F77 and the recently launched X-47, the company has established a distinct design- and technology-led position in the electric mobility landscape.

“We are glad to announce our Series E investment from Zoho Corporation and Lingotto,” said Narayan Subramaniam. “Lingotto’s investment, combined with Zoho’s long-term commitment to advancing cutting-edge Indian innovation, aligns perfectly with Ultraviolette’s mission to build category-defining electric mobility solutions for India and global markets.”

Niraj Rajmohan, CTO & Co-Founder of Ultraviolette Automotive, commented: “With the ongoing Series E investments, we are doubling down on growth and scaling production to meet rising demand. Our focus remains on advancing breakthrough battery technology, elevating performance, and expanding manufacturing to support upcoming product platforms. This investment accelerates our journey toward scaled deployment across India and global markets.”

Ultraviolette Automotive (UV) is a pioneer in future-ready electric vehicle platforms and advanced battery technology. Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, the company brings strong aviation-inspired engineering to next-generation mobility. Ultraviolette is backed by global investors including Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motor Company, and Speciale Invest.