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TVS Motor, Zoho Corporation invest in Ultraviolette Automotive in Series C funding

13 Dec 2021 Evaluate

Ultraviolette Automotive has raised a new round of capital in its Series C funding, led by TVS Motor Company. Zoho Corporation has joined this round along with TVS Motor, to support Ultraviolette’s vision of developing high performance mobility solutions for India and global markets. TVS Motor Company, which has been an early backer of the company, has led the investment in this round.

Ultraviolette, which is setting-up its manufacturing and assembling facility in Electronics City, Bengaluru, will utilize this investment towards the production and commercial launch of its high-performance electric motorcycle, the F77, and will roll out the first batch of motorcycles in the first half of 2022.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

Peers
Company Name CMP
Bajaj Auto 9830.00
TVS Motor Company 3932.05
Hero MotoCorp 4965.00
Eicher Motors 6925.40
OLA Electric Mobilit 35.40
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