Ultraviolette has just secured a fresh round of growth capital from Zoho and Lingotto as part of its ongoing Series E funding, giving a major boost to its next phase of expansion. This new investment will help the company scale up both in India and overseas, especially around its current products—the F77 and X-47—as well as future platforms like Shockwave and Tesseract.
The funding from Zoho Corporation has been led by Sridhar Vembu, Mani Vembu and Kumar Vembu, while Lingotto comes in as one of Europe’s major investment management players. Ultraviolette recently launched the X-47 Crossover electric motorcycle, which has already seen strong demand across the country. In the last 12 months alone, the brand has grown to 30 cities in India, with plans to reach 100 cities by mid-2026. On the international front, the F77 was recently launched in the United Kingdom, taking Ultraviolette’s presence to 12 countries across Europe.
The company says this continued flow of capital signals strong investor confidence in its growth and global ambitions, with its design- and tech-led approach around the F77 and X-47 forming a solid foundation.
Co-founder and CEO Narayan Subramaniam said the backing from Zoho and Lingotto is a perfect fit with Ultraviolette’s mission to build category-defining electric mobility solutions for India and global markets, especially given Lingotto’s history with performance and mobility brands and Zoho’s support for Indian deep tech. Co-founder and CTO Niraj Rajmohan added that the new money will be used to double down on growth—scaling production to meet rising demand, pushing breakthrough battery technology, and supporting upcoming products like Shockwave and Tesseract as Ultraviolette accelerates its expansion in India and abroad.
