{
  "id": 6737274,
  "title": "Exclusive: Ultraviolette To Raise ₹373 Cr As Manufacturing Facility BIGGA Takes Shape",
  "url": "https://urgent.news/2026/09/11/exclusive-ultraviolette-to-raise-373-cr-as-manufacturing-facility",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-11T08:46:33.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/exclusive-ultraviolette-to-raise-%e2%82%b9373-cr-as-manufacturing-facility-bigga-takes-shape/"
  },
  "original_language": "en",
  "account": "Ultraviolette Automotive, an electric two-wheeler manufacturer, is set to raise an additional ₹373.04 Cr in its ongoing Series E funding round. The investment, which includes the allotment of 8.15 Lakh and 7.24 Lakh Series E3 and E4 compulsorily convertible preference shares (CCPS) respectively, will be used to build its manufacturing facility, the BIGGA factory. The facility is expected to increase the company's production capacity to 2.5 Lakh vehicles annually in the initial phase, with the potential to scale up to 5 Lakh vehicles. The expansion is part of Ultraviolette's strategy to target larger segments of the electric two-wheeler market, with new products like the Shockwave and Tesseract. The startup currently has over $135 Mn in funding and has plans to commission capacity progressively in line with demand.",
  "summary": "Electric two-wheeler (E2W) maker Ultraviolette Automotive is set to raise an additional ₹373.04 Cr as part of its ongoing Series…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Inc42",
        "title": "Exclusive: Ultraviolette To Raise ₹373 Cr As Manufacturing Facility BIGGA Takes Shape",
        "url": "https://urgent.news/2026/09/11/exclusive-ultraviolette-to-raise-373-cr-as-manufacturing-facility-6758683",
        "published": "2026-09-11T08:46:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}