Ultraviolette secures $45M from Zoho and Ferrari-owner Exor’s Lingotto, accelerating India’s electric motorcycle revolution with F77 and X-47 models. A homegrown Indian electric motorcycle startup securing backing from tech giant Zoho and Ferrari-owner Exor’s investment arm. That’s not science fiction—that’s exactly what happened when Ultraviolette raised $45 million from Zoho Corporation and Italy-based investment firm Lingotto as part of its ongoing Series E funding round.
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Ultraviolette: Global Giants Bet on Indian Innovation
This isn’t just another funding announcement. The investment was driven by Sridhar Vembu, Mani Vembu, and Kumar Vembu from Zoho, while Lingotto is known in Europe for backing well-established global brands. When the investment arm of Ferrari’s parent company invests in an Indian electric motorcycle maker, it signals something profound about India’s EV potential.
The timing couldn’t be more strategic. India’s electric two-wheeler revolution is accelerating rapidly, with favorable government policies including the 5% GST rate on EVs providing tailwinds for manufacturers.
Aggressive Expansion Strategy
Ultraviolette’s growth trajectory reads like a startup fairytale. The company has expanded to 30 cities across India within just 12 months and plans to reach 100 cities by mid-2026. Internationally, the F77 electric motorcycle was recently launched in the United Kingdom, and Ultraviolette now has presence in 12 European countries.
The fresh capital will be used to scale up the company’s two existing models—the F77 electric sports bike and the recently launched X-47 crossover motorcycle—while also advancing upcoming product platforms codenamed Shockwave and Tesseract.
Technology-First Approach
What sets Ultraviolette apart in India’s crowded two-wheeler market? Pure performance DNA. Co-founder and CEO Narayan Subramaniam explained: “Lingotto’s legacy of backing iconic performance and mobility brands, combined with Zoho’s long-term commitment to fostering cutting-edge Indian innovation, aligns perfectly with Ultraviolette’s mission to build category-defining electric mobility solutions”.
CTO Niraj Rajmohan added: “With the ongoing Series E investments, we are doubling down on growth and expanding production. Our focus is on advancing breakthrough battery technology and elevating performance capabilities”.
This technology-first approach mirrors broader industry trends, as seen in India’s expanding EV charging infrastructure supporting performance electric vehicles.
Market Momentum Building
Ultraviolette recently launched the X-47 crossover electric motorcycle, which has recorded rising demand across India. For a company that started with one model less than four years ago, this expansion trajectory is remarkable.
The momentum extends beyond just domestic markets. With European certification achieved and operations spanning 12 countries, Ultraviolette is positioning itself as India’s first global electric motorcycle brand—a title no Indian two-wheeler manufacturer has seriously contested until now.
What This Means for India’s EV Future
Ultraviolette’s success validates a crucial hypothesis: Indian startups can compete globally in high-performance electric mobility. With India’s EV market projected to hit ₹20 lakh crore by 2030, companies combining performance, technology, and Indian engineering are attracting serious global capital.
For riders, this competition means better products, improved battery technology, and expanded charging networks. For the industry, it signals India has graduated from being just a market to becoming a hub for electric mobility innovation.
FAQs:
Q1: Why is Ultraviolette’s $45 million funding significant?
The funding from Zoho and Lingotto (Ferrari-owner Exor’s investment arm) validates India’s electric motorcycle potential. Lingotto’s backing of performance brands globally signals confidence in Ultraviolette’s technology and global ambitions beyond just the Indian market.
Q2: What products does Ultraviolette currently offer?
Ultraviolette manufactures two electric motorcycles: the F77 electric sports bike and the recently launched X-47 crossover. The company is developing two future platforms codenamed Shockwave and Tesseract, scheduled for upcoming releases.
Q3: How fast is Ultraviolette expanding operations?
Ultraviolette expanded to 30 cities across India within 12 months and plans to reach 100 cities by mid-2026. Internationally, the F77 launched in the UK and is now available across 12 European countries, marking India’s first serious global electric motorcycle brand.
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