India, Dec. 4 -- At a time when electric premium bike manufacturer Ultraviolette is increasingly focussing on penetrating international markets, the Bengaluru-based startup has managed to raise an additional $45 Mn (around INR 404.7 Cr) in its ongoing Series E funding round.

The additional capital infusion in the startup comes from its existing early backers, Sridhar Vembu-led Zoho and European investment management company Lingotto. The E2W manufacturer has been on a fundraising spree, previously raising $21 Mn in August and $15 Mn in December 2024.

Investors like Japan's TDK Ventures, TVS Motors, Mudhal Partners and Ojas Consultation have backed the startup in the ongoing round till now. Important to note that Zoho and Lingotto have p...