Electric vehicle maker Ultraviolette Automotive raises funding

CHENNAI: Electric mobility startup Ultraviolette Automotive has raised an undisclosed amount in Series B round from Kumar Vembu, CEO of GoFrugal Technologies.
Ultraviolette Automotive is looking to scale up its operations in the immediate future by expanding the team, investing further in R&D, and building manufacturing capabilities.
Vembu, who has been an early investor in the company during its Series A funding, joined TVS Motors to support Ultraviolette Automotive in this round. The company raised an investment of around Rs 30 crore from TVS Motors earlier in September as part of the Series B. Chennai-based Speciale Invest is another early investor in the company.
Ultraviolette Automotive is building F77, a high-performance electric motorcycle that has been built indigenously from the ground up with principles used in the aviation industry. The pre-production version of the F77 was unveiled less than a year ago, and the company is now gearing up towards launching the motorcycle in the market.