Get All Access for $5/mo

Ultraviolette Raises Series D Investment From Exor Capital The fund raised will be used for the expansion of the company's presence across India, ramping up the sales of F77 in the country and subsequent expansion in international markets including trials, certifications and sales

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Ultraviolette Twitter handle

Ultraviolette Automotive Pvt. Ltd, an innovator in sustainable mobility, has raised a fresh round of capital from Exor Capital. The funding round also witnessed the participation from TVS Motor, Zoho Corporation, GoFrugal Technologies and Speciale Invest. The fund raised will be used for the expansion of the company's presence across India, ramping up the sales of F77 in the country and subsequent expansion in international markets including trials, certifications and sales.

"We are thrilled to have Exor Capital as our investor and believe we have found the perfect partner in them given their multi-generational, entrepreneurial experience of working with some of the world's most admired and loved brands. With this investment, we now have a diversified group of prominent Indian and international institutional investors backing us in our journey and vision of shaping a new era of mobility not just in India but in global markets as well," said Narayan Subramaniam, co-founder and CEO, Ultraviolette.

Ultraviolette will roll out with public test rides in the beginning of September 2022 and will commercially launch F77 in India this year. The company has received over 65,000 pre-order interests of which India, the USA and Europe represents a significant part of these numbers, claimed by the company in a statement.

"Exor Capital has a strong interest in innovation and sustainability. We believe, Ultraviolette is an opportunity that covers both. We are delighted to work with the founders and respect their vision in the mobility space," said Nikhil Srinivasan, managing partner, Exor Capital.

Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette Automotive was born out of the unique vision of creating top-of-the line mobility solutions that is driven by progressive design and energy efficient technology.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.