Ultraviolette Raises Series D Investment From Exor Capital

2022-08-24
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Ultraviolette Automotive Pvt. Ltd, an innovator in sustainable mobility, has raised a fresh round of capital from Exor Capital. The funding round also witnessed the participation from TVS Motor, Zoho Corporation, GoFrugal Technologies and Speciale Invest. The fund raised will be used for the expansion of the company's presence across India, ramping up the sales of F77 in the country and subsequent expansion in international markets including trials, certifications and sales.

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"We are thrilled to have Exor Capital as our investor and believe we have found the perfect partner in them given their multi-generational, entrepreneurial experience of working with some of the world's most admired and loved brands. With this investment, we now have a diversified group of prominent Indian and international institutional investors backing us in our journey and vision of shaping a new era of mobility not just in India but in global markets as well," said Narayan Subramaniam, co-founder and CEO, Ultraviolette.

Ultraviolette will roll out with public test rides in the beginning of September 2022 and will commercially launch F77 in India this year. The company has received over 65,000 pre-order interests of which India, the USA and Europe represents a significant part of these numbers, claimed by the company in a statement.

"Exor Capital has a strong interest in innovation and sustainability. We believe, Ultraviolette is an opportunity that covers both. We are delighted to work with the founders and respect their vision in the mobility space," said Nikhil Srinivasan, managing partner, Exor Capital.

Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette Automotive was born out of the unique vision of creating top-of-the line mobility solutions that is driven by progressive design and energy efficient technology.

参考译文
ultraviolet获得Exor资本D轮投资
ultraviolet Automotive Pvt. Ltd .是一家可持续出行领域的创新者,该公司已从Exor capital获得新一轮融资。此外,TVS Motor、Zoho Corporation、GoFrugal Technologies和Speciale Invest也参与了本轮融资。筹集的资金将用于公司在印度各地的扩张,提高F77在该国的销售,以及随后在国际市场的扩张,包括试验,认证和销售。我们很高兴有Exor Capital作为我们的投资者,并相信我们已经找到了完美的合作伙伴,因为他们有多代人的创业经验,与一些世界上最受钦佩和喜爱的品牌合作。有了这笔投资,我们现在有了一个多元化的集团,著名的印度和国际机构投资者支持我们的旅程和愿景,不仅在印度,而且在全球市场塑造一个流动性的新时代,"ultraviolet联合创始人兼首席执行官纳拉扬·萨勃拉曼尼亚姆说道。ultraviolet将于2022年9月初推出公共试乘,F77将于今年在印度进行商业运营。Exor Capital在一份声明中称,该公司已经收到了超过65000份订单,其中印度、美国和欧洲占了很大一部分。Exor Capital对创新和可持续发展有着浓厚的兴趣。我们相信,ultraviolet是一个涵盖这两方面的机会。我们很高兴与创始人合作,并尊重他们在移动领域的愿景。Exor资本管理合伙人Nikhil Srinivasan说。ultraviolet Automotive成立于2016年,由Narayan Subramaniam和Niraj Rajmohan共同创立。ultraviolet Automotive创立于一个独特的愿景,即通过先进的设计和节能技术,创造顶级的移动出行解决方案。
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