Ultraviolette secures $45 million funding from Zoho and Italy’s Lingotto
Electric motorcycle maker Ultraviolette has secured $45 million (about Rs 404 crore) funding from India’s Zoho Corporation and Italy-based investment firm Lingotto as part of its ongoing Series E round. While the investment from Zoho Corporation was led by Sridhar Vembu, Mani Vembu and Kumar Vembu, Lingotto is a wholly owned subsidiary of Exor NV, controlled by Italy’s Agnelli family. Exor has investments in companies such as Ferrari, Fiat and Chrysler Automobiles.
