Electric sports bike firm Ultraviolette get funding from Qualcomm, Lingotto
Ultraviolette Automotive, which makes electric sports bikes, has raised undisclosed investments from Qualcomm Ventures and Lingotto for expanding its business in India and abroad.
Funding from the Series D round would help the Bengaluru-based firm in improving its technology, it said. The company will launch its Ultraviolette F77 motorcycle on November 24, after starting pre-orders on October 23. The bike will be rolled out in phases, with the first batch being delivered in Bengaluru.
“As we countdown to the commercial launch of the F77 in India, this investment is a testament to the fact that we have been able to create a distinct identity for Ultraviolette,” said Narayan Subramaniam, co-founder and chief executive officer of Ultraviolette.
