Funding
EV bike maker Ultraviolette raises $45 million from Zoho, Ferrari-owner Exor’s Lingotto
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Electric motorcycle maker Ultraviolette has raised $45 million from Zoho Corporation and Italy-based investment firm Lingotto, as part of an ongoing funding round.
The fresh capital will be used to scale up the company’s two existing models, the F77 electric sports bike and the recently launched X-47 crossover motorcycle. The funding will also be deployed to advance the company’s upcoming product platforms, codenamed Shockwave and Tesseract.
The startup did not disclose the total size of the ongoing round or its current valuation. It had raised $21…
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