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E-2W maker Ultraviolette raises $85 mn to scale production, expand presence
Ultraviolette Automotive has raised USD 85 million in a funding round led by Yali Capital and TDK Ventures as it looks to scale up production of its existing and upcoming products and expand its presence in overseas markets, including the US in 2027, the electric two-wheeler maker announced on Wednesday. The Bengaluru-based company, which currently sells its products in India and 20 European countries, said international sales account for around 15 per cent of its overall volumes and are expect…
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