Ultraviolette Automotive has raised an undisclosed amount in its latest investment round (Series B), from Kumar Vembu, CEO of GoFrugal Technologies. Vembu, who has been an early investor in the company during the Series A funding, has joined this round of investment along with TVS Motors to support Ultraviolette Automotive’s vision of transforming the future of electric mobility in the country.
Ultraviolette Automotive’s maiden mobility solution – the F77, is India’s first high performance electric motorcycle that has been designed to deliver an unparalleled user experience. Built indigenously from the ground up, with principles used in the aviation industry, the F77 is an inherently powerful, efficient and intelligent vehicle, integrated with revolutionary design and technology that completely redefines the identity for electric vehicles in India. The pre-production version of the F77 was unveiled less than a year ago, and the company is now gearing up towards launching the motorcycle in the market.
Vembu said, “As the country moves towards smarter and sustainable transportation solutions, Ultraviolette Automotive is playing an distinct role in shaping the perception of electric vehicles, and consequently driving its adoption in India. The F77 is an evocative and compelling mobility alternative for consumers in India and since the unveiling, the company has made significant progress towards launching the motorcycle in the market. We see immense promise in Ultraviolette Automotive’s vision of building high performance electric mobility solutions and leading the movement in transforming the future of mobility in the country.”
Narayan Subramaniam, founder and CEO, Ultraviolette Automotive, said, “Vembu has been a long standing partner in our journey towards building a superior EV experience in India and we are thrilled about his continued support in this round of investment as well. At Ultraviolette Automotive, our ambition has always been to create a visible and tangible impact in the personal mobility industry, by developing products and solutions that are indigenously built, technologically disruptive and that reflects the unlimited potential for innovation across every aspect of design engineering. The F77 is rooted in this philosophy and our objective has been to create a completely new identity for electric vehicles.”
A key area that Ultraviolette Automotive has significantly invested in is battery technology for Indian conditions. Over the last 3 years, the company has developed battery packs from scratch, to accommodate highest energy and power density globally and has filed several patents especially on the safety and thermal management aspects.