Funding
Qualcomm Ventures and Lingotto join Ultraviolette Series D
By Startup Enthusiast ·
- Date
- Company
- Ultraviolette
- What it does
- Qualcomm Ventures, Lingotto
- Kind
- Funding
- Amount
- Undisclosed
- Stage
- Series D
- Based in
- Bengaluru
- Founded
- 2016
What they do
Qualcomm Ventures and Lingotto, a wholly owned Exor fund, added money to Ultraviolette’s Series D round two days before the F77 launch
What happened
The amount was not shared; the funds were meant to grow sales in India and prepare entry into foreign markets
Why it matters
CTO Niraj Rajmohan said the company was already planning its roadmap for selling the bike overseas
The details
- Qualcomm Ventures and Lingotto extended the Series D.
- Lingotto is owned by Exor.
- The amount was not disclosed.
- It came just before the F77 launch on 24 November 2022.
- Funds were for India growth and exports.
The bigger picture
- A chip company’s fund backing a bike maker signals interest in its tech.
- It added money right as sales were about to start.
- It laid the base for the later Europe entry.
About the business
- Ultraviolette designs and builds premium electric motorcycles in Bengaluru, led by the F77 and the X-47.
- It sells in India and in about 19 European countries, and is adding a scooter (Tesseract) and a cheaper bike (Shockwave).
- Money comes from vehicle sales, with a battery subscription option to lower the upfront price.
Investors
Founders
- Narayan Subramaniam, Co-founder and CEO
- Niraj Rajmohan, Co-founder and CTO
About Ultraviolette
- Product
- Electric two-wheelers, including motorcycles and upcoming scooter and dirt-bike models.
- Customers
- Consumers buying electric motorcycles and other EV two-wheelers.
- How it makes money
- Sells vehicles directly to end customers through an automotive retail model.
- Operations
- Expanding manufacturing capacity in Karnataka and Tamil Nadu.
Other articles talking about it
More on Ultraviolette
- Ultraviolette bags $85 million to fuel global EV expansion27 September 2026 · Funding · $85M
- Kolkata Police add 183 Ultraviolette electric bikes21 September 2026 · Partnership
- Ultraviolette raises Rs 373 crore in Series E round11 September 2026 · Funding · Rs 373.04 crore
- Ultraviolette in talks to raise $45-50 million from existing investors21 August 2026 · Funding · $45-50 million
- Ultraviolette plans 1.5 lakh unit capacity before IPO17 July 2026 · Launch
- Ultraviolette enters six more European countries7 April 2026 · Launch
- Ultraviolette to invest Rs 200 crore in Karnataka expansion27 March 2026 · Launch · Rs 200 crore
- Ultraviolette cuts bike prices with battery subscription5 March 2026 · Launch