TVS Further Invest in Ultraviolette

TVS Motor Company have invested another

Rs 30 crore in the electric vehicle start-up, Ultraviolette Automotive (UV), as part of its Series B round of funding.

The start-up stated that it set out to build India’s first high-performance electric motorcycle, the F77, three years ago and that it hopes to boost EV adoption in India with that product. Last year in November, UV unveiled the pre-production version of the F77 and will be launching the production model soon.