India: Ultraviolette Automotive raises funding from Qualcomm, Lingotto

India: Ultraviolette Automotive raises funding from Qualcomm, Lingotto

A sign on the Qualcomm campus is seen, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake

TVS Motor-backed electric bike maker Ultraviolette Automotive has raised funding from Qualcomm Ventures and Lingotto, the largest shareholder in Ferrari, as it looks to expand its operations and ramp up technology.