business
Ultraviolette Raises USD 85 Million to Scale EV Production
Bengaluru-based electric vehicle maker Ultraviolette raised USD 85 million in a fresh funding round as it prepares to increase production and expand into international markets. The round was led by deep-tech investors Yali Capital and TDK Ventures. Intel CEO Lip-Bu Tan also invested in the company and joined as an advisor. The funding comes shortly after Ultraviolette announced a new manufacturing facility in Hosur, Tamil Nadu. The plant is designed to eventually support production of up to 5 la
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