Ultraviolette to raise funds for global expansion plans

02 Mar 2023 CW Team

Launch of an electric car company in Bengaluru At its manufacturing plant in Bengaluru, Ultraviolette Automotive has started shipping its high-performance electric motorcycle, the F77, to clients. The company claims that this is the beginning of its next phase of growth, which will see it open dealerships across the country and broaden its global reach.

In fact, as part of its global expansion goals and in support of its vehicle development platform, Ultraviollete Automotive has revealed plans to raise $120 million. Exor Capital, Qualcomm Ventures, TVS Motor Company, Zoho Corp, Gofrugal Technologies, and Speciale Invest are just a few of the investors who have contributed more than $55 million to the startup to date.

"The F77 is the outcome of our drive to create an electric motorcycle that is a head-turner across all dimensions," stated Narayan Subramaniam, CEO and Co-Founder of Ultraviolette. It is uniquely Indian in every way, with a gorgeous design and thrilling performance.

Now that deliveries are in progress, Ultraviolette is focusing on growing its presence on a national and international level. In order to meet the rising demand for high-performance electric motorcycles, the company is creating a statewide network of dealerships and trying to quicken its expansion into new foreign markets.

Our investors share our vision for the future of mobility, according to Niraj Rajmohan, co-founder and chief technology officer of Ultraviolette. It's crucial that we keep looking ahead and push through to Ultraviolette's next stage of growth when deliveries of the F77 begin. With the help of investors who share our goal, Ultraviolette will be able to grow new vehicle programmes, increase our local presence, and quicken the launch of new products abroad.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..