Exclusive: Ultraviolette To Raise ₹373 Cr As Manufacturing Facility BIGGA Takes Shape

Electric two-wheeler (E2W) maker Ultraviolette Automotive is set to raise an additional ₹373.04 Cr as part of its ongoing Series E funding round from investors Yali Capital, TDK Ventures, among others. As per an MCA filings accessed by Inc42, Ultraviolette’s shareholders consented to allot on preferential basis through private placement 8.15 Lakh Series E3 compulsorily convertible preference shares (CCPS) worth ₹2,435 each, aggregating to ₹197.5 Cr. The startup also allotted 7.24 Lakh Series E4