Ultraviolette begins Series D round at over $300 Mn valuation


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Electric bike startup Ultraviolette is set to raise $10 million in a new round led by Ireland-based fund Exor Co-Invest. This would be the second funding round for the Bengaluru-based firm in the past nine months and the maiden one in 2022. Following the fresh proceeds, Exor Co-Invest will hold 3.48% stake in Ultraviolette.