CHENNAI: Electric motorcycle maker Ultraviolette Automotive has raised a fresh round of capital from a fund managed by Exor Capital. This investment is part of an ongoing (Series D) round of funding, with Exor Capital as the lead investor.
Sources say the amount raised is around $10 million. With this round of investment, Exor joins Ultraviolette’s cap table along with TVS Motor, Zoho Corporation, GoFrugal Technologies, Speciale Invest.
The latest investor is a big ticket fund with a deep footprint in big auto in Europe. Exor is the single largest shareholder in European car biggie Stellantis and has controlling stakes in sports car maker Ferrari, European majors like CNH, Iveco Group and the soccer team Juventus. Exor Capital is a fully owned subsidiary of Exor NV.
