chennai electric vehicle manufacturer ultraviolette automotive plans to raise 120 million in a fresh round of investment to support the next stage of its growth the funds will fuel the companys global expansion plans and support its ongoing vehicle platform development efforts it said in a statement ultraviolette has raised over 55 million since inception previous financing rounds have seen participation from leading investment companies including europes exor capital usbased qualcomm ventures tvs motor company zoho corp gofrugal technologies and speciale invest the latest announcement about the next round of fundraise coincided with the company starting deliveries of its f77 electric motorcycle from its manufacturing facility in bengaluru this marks the next stage of growth including setting up dealerships nationwide and expanding its global presencenarayan subramaniam ceocofounder of ultraviolette said we are deeply committed to taking the brand global and are confident that our vehicles will exceed our customers expectations and that we will continue to drive innovation in the electric vehicle space