Ultraviolette Automotive raised undisclosed funding from GoFrugal Technologies in Series B

Electric motorcycle startup Ultraviolette Automotive raised undisclosed funds from GoFrugal Technologies as part of Series B Funding.

Ultraviolette now looking to scale-up its operations in the immediate future by way of expanding the team, investing further in research and development (R&D) and building manufacturing capabilities, the startup said in a release.

"Kumar 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," said Narayan Subramaniam, Founder and CEO, Ultraviolette Automotive Pvt Ltd.

A key area that Ultraviolette Automotive has significantly invested in is battery technology for Indian conditions, said the release, adding that over the last three 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.

23 views0 comments
  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2021 by StartupNews. Proudly created in India