Ultraviolette Automotive receives Series B investment from TVS Motor Company

Following the successful nationwide unveiling of its high-performance motorcycle – the F77, Ultraviolette Automotive Pvt. Ltd., an innovator in sustainable mobility, today announced that it had received an additional investment of INR 30 Crore from TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world. This investment is part of its latest round (Series B) of funding.  To accelerate the adoption of electric vehicles in India, Ultraviolette Automotive set-out to build India’s first high-performance electric motorcycle – the F77, three years ago. The company unveiled the pre-production version of the F77 in November 2019, setting new benchmarks in the Indian EV industry, and is now gearing up towards launching the motorcycle in the market.  Commenting on the additional investment, Manu Saxena, Vice President (Future Mobility & Dealer Transformation), TVS Motor Company said, “Ultraviolette Automotive continues to demonstrate excellent engineering and technological capabilities and innovativeness in developing high-performance electric motorcycles. TVS Motor is excited to see the progress and developments made by the UV team and we are confident that these actions will go a long way towards establishing a greener future for India.”  Narayan Subramaniam, Founder and CEO, Ultraviolette Automotive Pvt. Ltd. said, “We have seen significant advancements in the