Indian electric motorcycle startup Ultraviolette plans to raise up to $75m

Indian electric motorcycle startup Ultraviolette plans to raise up to $75m

A cashier displays Indian rupee banknotes inside a bank in Jammu Photo: Reuters

TVS Motor Company-backed electric motorcycle startup Ultraviolette Automotive plans to raise up to $75 million in the next 12-14 months, across series B and C rounds, three people aware of the plan told Mint.