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India's Ultraviolette Automotive raises funding from Qualcomm

Electric bike maker to expand operations, ramp up technology

Electric motorcycle maker Ultraviolette Automotive has raised an undisclosed amount, estimated at $25 million, form Qualcomm Ventures and Lingotto. (Screenshot from Ultraviolette Youtube)

BENGALURU -- TVS Motor-backed electric bike maker Ultraviolette Automotive has raised funding from Qualcomm Ventures and Lingotto, the largest shareholder in Italian sports carmaker Ferrari, as it looks to expand its operations and ramp up its technology.

This marks a part of the Series D round for the company.

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