The undisclosed amount of the investment will be used for the production and commercial launch of the Ultraviolette F77 electric sports bike.
see photosN Subramaniam, Founder and CEO, Ultraviolette, with N Rajamohan, Founder and CTO
Ultraviolette Automotive Pvt Ltd has announced that it has raised a fresh round of capital in its Series C funding led by TVS Motor Company. Zoho Corporation, a technology company known for manufacturing web-based business tools, has joined the round with TVS Motor. TVS Motor Company, which has been an early supporter and investor in UtraViolet, has led the investment in this round. UltraViolet, which is setting up its manufacturing and assembly facility in Electronics City, Bengaluru, will use this investment for the production and commercial launch of its high-performance electric motorcycle, the F77, the company said in a statement. The first batch of F77 will be launched in the first batch of 2022, the company announced.
Read also: UltraViolet raises undisclosed amount in Series B funding
The Ultraviolette F77 will have a dedicated charging network, starting with Bengaluru, followed by other cities
Commenting on the investment, Sudarshan Venu, Joint Managing Director, TVS Motor Company said, “EVs are a major focus area for us and we have invested in this area for over a decade. TVS has been developing exciting and aspirational products. We are committed to and we have always believed that EV development needs to be at the grassroots level to make that quantum leap in the global EV revolution. Ultraviolet brings these values to life in a unique way at F77, and we are committed to supporting that. We are delighted that we have chosen to partner with them at an early stage, and I am confident that UltraViolet’s EV line-up will see rapid adoption across the country and around the world.”
Read also: TVS Motor Company invests ₹ 30 cr in Ultraviolet Automotive
Ultraviolette F77 has a steel trellis frame and weighs 157 kg
Sridhar Vembu, Founder and CEO, Zoho Corporation, which participated in the Series C investment, said, “What impressed me most about UltraViolet is their vision towards building the EV experience in the country – one that is high-performance, disruptive. Focuses on design and technology. , and superior user experience, all built and developed right here in India. There is no doubt that the future of mobility is electric, and innovation must be at the forefront of product disruption. This vision of UltraViolet will establish India as a leader in the global EV ecosystem. I am thrilled to support UltraViolet’s goal of revolutionizing the mobility landscape on a global scale, and I look forward to the launch of the F77 in the coming months.”
Read also: Ultraviolet F77 electric motorcycle unveiled
A TFT screen on the Ultraviolette F77 offers smartphone connectivity, remote diagnostics and a long list of features
UltraViolet has announced that the company is rigorously testing the F77 in various areas of the country to validate the drivetrain, chassis and battery capacity of the motorcycle using several quantitative and qualitative parameters. The company is currently in the final stages of testing and will start production of the F77 in the first half of 2022.
Narayan Subramaniam, Founder and CEO, Ultraviolette Automotive Pvt. Ltd. said, “Innovation, design and performance are key elements driving the revolution, and I believe UltraViolet represents these elements to deliver an exciting mobility experience. Consumer preferences will change when the EV delivers performance and experience, which will surpass the current generation of IC engine bikes. TVS Motor Company and ZOHO Corp. This investment of Rs.
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According to the company, Ultraviolette has received over 50,000 booking interests for the F77 from around the world and test rides and deliveries of the motorcycles will begin in the first half of 2022. The F77 is India’s first high-performance electric motorcycle with 0-. 60 kmph claimed an acceleration time of 2.9 seconds and a top speed of 140 kmph. With a claimed range of 150 km, the F77 is a smart and connected electric motorcycle with features like remote diagnostics, over-the-air (OTA) updates, regenerative braking, multiple ride modes, bike tracking, ride diagnostics and many more.
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