Bengaluru-based electric motorcycle maker Ultraviolette Automotive has secured $45 million in its ongoing Series E funding round, with fresh investments from Indian software giant Zoho Corporation and Lingotto, the investment management firm backed by the Exor Group (the holding company of the Agnelli family, known for its long-standing ownership of Ferrari).The capital infusion will accelerate Ultraviolette’s ambitious product roadmap and geographic expansion. It will primarily support scaling production and sales of the company’s current lineup – the acclaimed F77 high-performance electric motorcycle and the newly launched X-47 Crossover – while fueling development of next-generation platforms codenamed Shockwave and Tesseract.
The investment from Zoho was personally led by co-founder and CEO Sridhar Vembu, along with his siblings Mani Vembu and Kumar Vembu, underscoring strong belief from one of India’s most respected technology entrepreneurs in Ultraviolette’s vision for premium electric two-wheelers.
In just 12 months, Ultraviolette has expanded its retail and service footprint from a handful of cities to 30 locations across India, a clear sign of surging consumer demand for its performance-oriented electric motorcycles. The company has set an aggressive target of reaching 100 cities by mid-2026.On the international front, Ultraviolette has already commenced deliveries in Europe and Turkey, with the F77 receiving strong reviews for its 307 km IDC range, 150 km/h+ top speed, and sportbike-level acceleration (0–100 km/h in under 8 seconds in Mach 2 Recon variant). Further market entries in Southeast Asia and Latin America are in advanced stages of planning.
Lingotto, which manages investments for Exor (the Agnelli family office), has a proven track record of supporting high-performance mobility brands, including Ferrari, Stellantis, and other premium automotive ventures. Its participation signals confidence in Ultraviolette’s ability to carve out a premium niche in the global electric two-wheeler space.
Zoho’s involvement goes beyond funding: Sridhar Vembu has long championed deep-tech and manufacturing innovation rooted in India. The alignment positions Ultraviolette as a flag-bearer for homegrown engineering excellence in the global EV race.
With this round, Ultraviolette strengthens its war chest as it prepares to unveil its next wave of products and solidify its position as India’s leading performance EV two-wheeler brand – and an emerging global contender.The company is expected to disclose the final close of the Series E round, along with additional investors, in the coming weeks.
