Ferrari-backer EXOR invests $10 million in Indian EV start-up
Image Credit: startupstorymedia
Ultraviolette Automotive has raised around $10 million (roughly Rs. 79 crore) in Series D funding from EXOR Capital at an estimated valuation of $300 million. Ultraviolette will use the funds to increase the sales of the F77 performance bike, and to expand its footprint in the Indian as well as global markets. Notably, the F77 has already garnered over 65,000 preorders.