TVS Motor invests Rs30cr in Ultraviolette Automotive in Series B funding

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Led by the success of high-performance motorcycle – the F77, TVS Motor has now invested Rs30cr in Ultraviolette Automotive. This investment is part of its latest round (Series B) of funding.

For boosting the adoption of electric vehicles in India, Ultraviolette launched F77 three years ago. The company further unveiled the pre-production version of the F77 in November 2019, setting new benchmarks in the Indian EV industry, and is now gearing up towards launching the motorcycle in the market.

Manu Saxena, Vice President (Future Mobility & Dealer Transformation), TVS Motor Company said, “Ultraviolette Automotive continues to demonstrate excellent engineering and technological capabilities and innovativeness in developing high-performance electric motorcycle.”

Narayan Subramaniam, Founder and CEO, Ultraviolette Automotive Pvt. Ltd. said, “We have seen significant advancements in the transportation and mobility industry globally, with an increased demand for personal mobility in recent times. We also see rapid growth in the Indian two-wheeler

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SPC approves funding for two area projects | News

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Two projects in Indiana County are included in funding approved through the Southwestern Pennsylvania Commission.

The SPC has approved $3.186 million in regional project funding through the federal Transportation Alternatives Program and over $5.8 million in funding through the Livability through Smart Transportation Program.

The projects approved for funding advance the region’s adopted long range plan, SmartMoves for a Changing Region, and its vision of “a world-class, safe and well maintained, integrated transportation system that provides mobility for all, enables resilient communities, and supports a globally competitive economy.”

The Regional Transportation Alternatives Set-Aside Program, administered by SPC, provides federal funding for programs and projects defined as transportation alternatives, including on- and off-road pedestrian and bicycle facilities; infrastructure projects for improving non-driver access to public transportation and enhanced mobility; environmental mitigation; recreational trail program projects; and, safe routes to school projects. These projects must be consistent with the regional long range

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Ultraviolette Automotive Receives Additional Series B Funding From TVS Motor Company

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Bangalore-based electric vehicle manufacturer, Ultraviolette Automotive announced that it has received additional funding from TVS Motor Company. The EV maker has received a sum of Rs 30 crore as part of its latest round (Series B) of funding from TVS.

Ultraviolette Automotive has launched the F77 performance electric motorcycle last year. Prices for the F77 start at Rs 3.0 lakh. The electric powertrain produces a total power output of 33.5bhp at 2,250rpm and a peak torque of 90Nm.

Manu Saxena, Vice President (Future Mobility & Dealer Transformation), TVS Motor Company, said, “Ultraviolette Automotive continues to demonstrate excellent engineering and technological capabilities and innovativeness in developing high-performance electric motorcycles.

TVS Motor is excited to see the progress and developments made by the UV team and we are confident that these actions will go a long way towards establishing a greener future for India.”

Narayan Subramaniam, Founder and CEO, Ultraviolette Automotive Pvt.

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‘Innovations Challenge’ asks students to look for transportation funding in the future | Education

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The Pennsylvania Department of Transportation (PennDOT) invited students in grades 9-12 to participate in the fourth annual PennDOT Innovations Challenge, which encourages students to use problem-solving, creative and strategic-thinking abilities to solve real-world transportation challenges in a competition among their peers.

“One of the goals of the Innovations Challenge is to open students’ minds to the possibility of a career in transportation, maybe even with PennDOT,” said PennDOT Secretary Yassmin Gramian. “Students working on this project will engage in the very real challenge facing the industry – finding a sustainable solution to transportation funding challenges.”

This year’s challenge asks students to develop an innovative and implementable solution that helps address Pennsylvania’s transportation revenue shortfall by identifying potential new funding streams, aside from additional gas taxes, tolls or mileage-based user fees, to help ensure adequate transportation funding for the future.

The Innovations Challenge is open to all students in grades 9-12,

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