TL;DR
Ultraviolette Automotive raised $75 million in Series D funding to double F77 electric motorcycle production in India and fund future R&D and market expansion.
Ultraviolette Automotive, the Bengaluru-based manufacturer of the F77 electric motorcycle, today announced the successful closure of its Series D funding round, raising $75 million from a consortium of international and domestic investors. This substantial investment will primarily be utilized to significantly scale up the production capacity of the F77 at its facility in India, with an ambitious target of doubling output by the end of 2026. The funding will also support research and development for future models, accelerate market expansion plans within India, and lay the groundwork for potential entry into select international markets. Ultraviolette has gained recognition for its high-performance F77 electric motorcycle, which blends cutting-edge technology with a sporty design. The company aims to capitalize on the growing demand for premium electric two-wheelers and establish itself as a global leader in the segment. The CEO stated that the new capital infusion is a strong validation of their vision and product, empowering them to bring more innovative electric mobility solutions to a wider audience. This investment underscores investor confidence in India's burgeoning EV market and its potential for indigenous high-tech manufacturing.