Ultraviolette expands Series D Round with Investments from Qualcomm Ventures and Lingotto (Exor)

Ultraviolette Automotive Pvt. Ltd., an innovator in sustainable mobility, today announced investments from Qualcomm Ventures and Lingotto to expand the Series D round. These investments from Qualcomm Ventures and Lingotto will be deployed towards ramping up the company’s presence in India, subsequent expansion in international markets as well as strengthening the brand’s technological capabilities and prowess. Qualcomm Ventures invests in companies focused on 5G, Artificial Intelligence, Automotive, IoT, Enterprise and Cloud, and XR/Metaverse. Qualcomm Ventures has over 150 portfolio companies in its portfolio and manages over $2 billion in assets across the United States, China, India, Israel, Europe, Latin America, and Korea.   Lingotto (formerly Exor Capital) is a fully owned subsidiary of EXOR N.V which has the largest or controlling stakes in companies including sports car maker Ferrari (RACE.MI), Stellantis (STLA.MI) CNH Industrial (CNHI.MI), Iveco Group (IVG.MI), The Economist Group, Via and the soccer team Juventus (JUVE.MI).  Commenting on the investment, Narayan Subramaniam, Co-Founder and CEO, Ultraviolette stated, “As we countdown to the commercial launch of the F77 in India,  this investment is a testament to the fact that we have been able to create a distinct identity for Ultraviolette and the F77 and build aspiration for the product across