Ultraviolette Automotive has raised ₹130 crore ($15.3 million) in a fresh funding round led by Zoho with an infusion of ₹90 crore.
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The funds will be used to expand distribution networks, enhance branding and marketing efforts, strengthen the team.
The newly acquired funds will be directed toward expanding the company’s distribution network and enhancing its technical infrastructure, as part of its growth strategy.
GoodLives plans to channel the funds into improving its platform, expanding its operations, enhancing platform features, and entering new markets.
The fresh funds raised by Bumboo will be used to expand the brand’s footprint in Indian and international markets.
The company plans to use the funds to expand its offline presence and diversify its product offerings.
The funding will be directed toward enhancing the company’s presence in the United States and Philippines while exploring new markets.
Following this funding round, DSLR Technologies’ valuation is expected to increase to ₹381 crore ($45.3 million).
The upcoming funding round will be led by Audacity Capital, LLC, which plans to contribute ₹5 crore, followed by Motherson Lease Solution Limited with ₹3 crore.
Miko plans to utilize the fresh funds to support research and development, expand sales and marketing efforts, manage operating expenses, and meet working capital needs.
The funds will be utilized to accelerate the company’s growth, enhance its team, streamline operations, and continue innovating its parking solutions
The funds will be utilized to scale Alt Mobility’s fleet to 30,000 electric vehicles (EVs) by March 2026, expand asset management to ₹800 crore AUM over 18 months