Ultraviolette developing India’s first ecosystem of high-performance EVs, raises $24 Million led by Qualcomm Ventures and Lingotto
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Ultraviolette Automotive Pvt Ltd on Tuesday expanded its ongoing Series D round led by Qualcomm Ventures and Lingotto. According to sources, the company raised $24 million in the expanded round, taking the total funding in Series D to $34 million to date. The investments will be deployed towards ramping up the company's presence in India, subsequent expansion in international markets as well as strengthening the brand's technological capabilities and prowess.