Exclusive: Ultraviolette To Raise ₹373 Cr As Manufacturing Facility BIGGA Takes Shape
Electric two-wheeler (E2W) maker Ultraviolette Automotive is set to raise an additional ₹373.04 Cr as part of its ongoing Series…
Ultraviolette Automotive, an electric two-wheeler manufacturer, is raising an additional ₹373.04 Cr through its Series E funding round. This funding will be used to expand its manufacturing capacity with the BIGGA factory. The startup has raised over $135 Mn to date, with the new investment coming as it builds its manufacturing facility.
The BIGGA Factory will initially have an annual capacity of 2.5 Lakh vehicles, which can be scaled to 5 Lakh vehicles. This investment is part of Ultraviolette's plan to expand its manufacturing footprint over the next five years.
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