Ultraviolette Raises $45 Million from Zoho and Lingotto to Accelerate Global EV Expansion
Indian electric mobility innovator Ultraviolette has raised $45 million in its ongoing Series E funding round, with participation from software giant Zoho and Europe-based investment management firm Lingotto. The raise further strengthens India’s position in the global EV landscape and positions Ultraviolette to scale its premium electric motorcycles worldwide.
The development comes four months after Ultraviolette secured $21 million from TDK Ventures, the venture arm of Japan’s TDK Corporation, signaling consistent investor confidence in the startup’s vision.
Why Investors Are Betting on Ultraviolette
Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette is among the few Indian EV companies building high-performance motorcycles for both domestic and international markets. The company is rapidly expanding its retail presence in India while simultaneously building a global footprint.
Its flagship motorcycle, the F77, has achieved several milestones:
- First Indian electric two-wheeler to receive European certification
- Now sold across 10 countries in Europe
- Known for its premium build, high performance, and advanced battery engineering
With India rising as a global EV manufacturing hub, Ultraviolette has positioned itself as a world-class performance brand originating from the subcontinent.
How the $45 Million Will Be Used
The fresh capital from Zoho and Lingotto will fuel the scale-up of multiple product lines and accelerate international expansion.
Planned deployments include:
- Scaling production of the F77 electric sports bike
- Expanding the newly launched X-47 crossover motorcycle
- Accelerating R&D for upcoming platforms:
- Shockwave
- Tesseract
- Strengthening battery technology and performance engineering
- Expanding manufacturing to meet surging domestic and global demand
Ultraviolette aims to aggressively increase production capacity as interest in its premium bikes grows across India and Europe.
Leadership Speak: A Big Leap Toward Global Scale
Narayan Subramaniam, Co-Founder & CEO, said:
“Lingotto’s legacy of backing iconic mobility brands and Zoho’s commitment to Indian innovation align perfectly with Ultraviolette’s vision to build category-defining electric mobility solutions for India and global markets.”
Niraj Rajmohan, CTO & Co-Founder, added:
“Our focus is on breakthrough battery technology, performance, and scaling production for upcoming platforms. This investment accelerates our journey into both India and global markets.”
With Series E investments flowing steadily, Ultraviolette is positioning itself not just as an EV manufacturer—but as a global performance mobility brand.
SpinItUp Raises Funding from Zee TV Ideabaaz Titans and Industry Leaders to Transform DJ & Nightlife Experience
In another exciting development in India’s startup ecosystem, SpinItUp, an interactive music commerce platform, has raised Rs 50 lakh in a pre-seed funding round at a valuation of Rs 10 crore.
The round saw participation from:
- Zee TV Ideabaaz Titans
- Jimmy Mistry (Della Adventure Resorts)
- Anupam Bansal (Liberty Shoes)
- Archana Jehagirdar (Rukam Capital)
SpinItUp is building a unique digital layer on top of nightlife culture—allowing club-goers to pay DJs to request songs live, creating a new monetization channel for artists.
What SpinItUp Does
SpinItUp operates at the intersection of music, nightlife, creator economy, and real-time engagement.
It enables:
- Club visitors to pay for song requests
- DJs to earn more through a formal, transparent system
- Clubs to track engagement and revenue uplift through analytics
- A marketplace for DJs to promote their offerings
India’s DJ community often struggles with inconsistent pay and lack of monetization avenues outside gigs. SpinItUp aims to solve that.
How the Funding Will Be Used
SpinItUp plans to deploy capital toward:
- Technology upgrades and platform enhancement
- Expanding venue partnerships across nightlife hubs
- Empowering DJs with analytics, commission dashboards, and marketplace tools
- Building a strong team in tech, product, and growth
- Aggressive marketing and creator onboarding
- Expanding to more cities across India
The company will soon launch advanced analytics for venues, real-time engagement metrics, and revenue tracking dashboards.
Founders Speak: A Platform Born from Struggle and Passion
Co-founder and renowned DJ Sanjay Meriya (The Spindoctor) shared an emotional note:
“I come from a humble background. I know how tough it is for DJs to earn and grow. SpinItUp was born to give DJs opportunities I never had.”
Co-founder Sudeep Bansal added:
“Moving from the US with just an idea was a leap of faith. Getting validation on national TV has boosted our confidence even more. The party is just getting started.”
Current Traction
SpinItUp claims strong early adoption:
- 450 DJs and performing artists onboarded
- Presence in 3 cities
- 10 partner venues
- Monthly payouts of Rs 5,000–7,000 per artist
- 120% YoY revenue growth
The startup now aims to onboard 5,000 DJs in the next 12 months and integrate deeper insights, monetization features, and partnerships with nightlife venues nationwide.
