Ultraviolette has raised $45 million from Zoho and Lingotto to scale its premium electric motorcycles, expand global markets, and accelerate development of new high-performance EV models as competition intensifies in India’s EV sector.

Indian electric motorcycle startup Ultraviolette Automotive has raised $45 million in a new tranche of funding from existing backers Zoho Corporation and European investor Lingotto, an investment firm of the group which owns luxury automaker Ferrari. The funds are part of an ongoing round which aims to support Ultraviolette’s growth and product expansion plans both in India and overseas.

The funds are earmarked for growth across several fronts: scaling production and marketing efforts for the Ultraviolette’s existing lineup of electric motorcycles – includ

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