Ultraviolette targets ₹373 crore raise to fund BIGGA factory and Bengaluru expansion
Ultraviolette Automotive is raising ₹373.04 crore in additional Series E funding as it commits over ₹1,000 crore across its BIGGA manufacturing facility and Bengaluru plant. BIGGA is planned for 250,000 annual vehicles initially, scalable to 500,000, supporting broader EV segments and exports.
What happened
Ultraviolette Automotive · Ultraviolette plans to raise ₹373.04 crore in ongoing Series E funding while investing over ₹1,000 crore to build its BIGGA
Key facts
- ₹373.04 crore additional Series E funding
- ₹1,000 crore manufacturing investment over five years
- ₹800 crore for BIGGA Factory
- ₹200 crore for Bengaluru plant expansion
- BIGGA initial capacity: 250,000 vehicles annually; scalable to 500,000
What changed
Ultraviolette plans to raise ₹373.04 crore in ongoing Series E funding while investing over ₹1,000 crore to build its BIGGA manufacturing facility and expand Bengaluru capacity, supporting larger electric two-wheeler segments and export ambitions.
Why this matters
Ultraviolette’s planned BIGGA facility and Bengaluru expansion could lift annual capacity from 30,000 units to roughly 550,000–560,000, making supply-chain readiness, hiring and ramp execution the central operational priorities.
What to watch
- Series E closure amount, investor quality, valuation, and whether additional debt or equity is required.
- BIGGA land, construction, equipment-installation, and first-production timelines.
- Monthly registrations, order backlog, cancellation rates, and delivery lead times for current models.
- Dealer and service-center expansion, especially outside major metros.
- New product launches, price points, financing offers, and evidence of demand in broader EV segments.