Electric bike startup Ultraviolette to secure fresh funds in ongoing round

Here’s a summarized list based on the provided information regarding Ultraviolette Automotive:

Startup Information

• Startup: Ultraviolette Automotive
• Founded: 2016
• Focus: Electric two-wheeler manufacturer, clean energy, and sustainable transportation
• Products: F77 Mach 2, F77 SuperStreet, Tesseract, Shockwave

Fundraising Details

• Current Fundraise:

  • Amount: Rs 32.6 crore ($3.85 million)
  • Fundraising Series: Extended Series E1
  • Date: Information not explicitly stated, but relates to recent activity in FY25
• Previous Fundraise:
  • Amount: Rs 130 crore
  • Leadership: Zoho Corporation
  • Date: December (previous year)

Investors

• Current Round:
  • Winever Industrial Enterprises: Rs 10 crore
  • Dilip Anand Swadi: Rs 10 crore
  • Breathe Capital: Rs 6 crore
  • Twin & Bull Family Office: Rs 2.5 crore
  • Mangalam Equity Management: Rs 2 crore
  • Resolute Futurewave: Rs 1 crore
  • Aprameya Radhakrishna (Co-founder & CEO of Koo): Rs 1 crore

Total Funding

• Total Raised: Approximately $79 million (from investors including TVS Motors, Mudhal Partners, Zoho Corporation, etc.)

Valuation

• Post-fundraising Valuation: Rs 2,887 crore (approximately $340 million)

Revenue & Loss

• Fiscal Year Ended March 2024:
  • Operating Revenue: Rs 15 crore
  • Loss: Rs 61.6 crore

This summary encapsulates the key details relevant to Ultraviolette Automotive’s funding and investors.

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2025-05-02 05:17:11