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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...
Hero MotoCorp charges up its electric ride, Plans to collaborate with Zero Motorcycles
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, is finalizing a collaboration agreement with Zero Motorcycles, the California (USA)-based manufacturer of premium electric motorcycles and powertrains. The collaboration will focus on co-developing Electric motorcycles. The company’s board also approved an equity investment up to US$60 million in Zero Motorcycles. Zero Motorcycles is the global leader in electric motorcycles and pow...
Premium Electric Motorcycle startup, Raptee opens its first manufacturing plant in Chennai
Premium EV Motorcycle Startup, Raptee has opened their first factory for manufacturing EV motorcycles to be rolled out later this year. The factory, which is opened in Chennai, is spread across 3 acres and will house a majority of Raptee’s Research and Development team in the same campus. Raptee plans to invest Rs 85 crore in this plant which will have an annual capacity of 1 Lakh units and will serve as the primary production plant for Raptee for the next 24 months. The Company plan...
Premium EV Motorcycle Startup, Raptee has raised $3 Million in a Pre Series A round led by deep-tech VC fund Bluehill Capital. The all-equity funding round saw participation from industry stalwarts including Mr. Eugene Mayne, Founder and CEO of Tristar Global (UAE), Mr. Lakshmi Narayanan, Former CEO Cognizant, Ramesh Kannan, Managing Director, Kaynes Technology, Mr. Chandu Nair, Director, Shankara Building Products and other HNIs from India and the UAE. The funds will be allocated ...
Not many have the distinction of doing what industry veteran, Jeetendra Sharma, Founder & MD, Okinawa Autotech Pvt. Ltd., did. He named his two-wheeler company, Okinawa, after an island in Japan! “When I was working with Honda, I had the opportunity to visit Okinawa island, in Japan. There, I learnt that majority of the island’s inhabitants lived for over 100 years, and this was attributed to the low pollution levels that the island boasted of. This inspired me to return ...
Founded by IITians, Dinkar Agrawal and Madhumita Agrawal, Oben Electric Vehicles Private Limited, which is inspired by German automotive engineering and design has started not just developing, designing but also manufacturing electric two-wheelers in-house. Madhumita Agrawal, Co-Founder & CEO Oben Electric Vehicles, Private Limited, tells TURN OF SPEED about their premium performance electric motorcycle, RORR, their choice of LFP (Lithium Ferro Phosphate) battery over the N...
