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EV startup Ultraviolette Automotive raises fund from GoFrugal Technologies

Shortpedia

Content Team
Image Credit: Shortpedia

TVS Motor-backed sustainable mobility startup Ultraviolette Automotive has raised an undisclosed amount in a Series B investment round from Kumar Vembu, CEO of GoFrugal Technologies. Earlier, Vembu had invested in the company in its Series A funding and now joins TVS Motor Company, who had invested INR 30 Cr in Ultraviolette in Series B funding in September.