Ultraviolette raises $85 Mn, targets US expansion in 2027

• ByStartupStory     |    September 23, 2026

Electric mobility startup Ultraviolette has raised $85 million in a funding round led by Yali Capital and TDK Ventures, with participation from Walden International chairman Lip-Bu Tan and its existing investors.

The Bengaluru based company will use the fresh capital to scale production of its F77 and X-47 electric motorcycles, along with its upcoming Tesseract scooter and Shockwave enduro motorcycle. The funds will also support the development of its next generation of EV platforms across battery technology, power electronics, vehicle architecture and intelligent software.

Ultraviolette is targeting entry into the US market in 2027 and plans to expand across Latin America and Southeast Asia. It currently sells its electric motorcycles in India and 20 European countries.

The fundraise comes after Ultraviolette announced a new manufacturing facility with an annual production capacity of up to 500,000 units.

The latest round follows $66 million raised in its ongoing Series E round, including $21 million from TDK Ventures and $45 million from Zoho Corporation and Lingotto.

With the latest round, Ultraviolette has raised $151 million across these disclosed fundraises since August 2025.

Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette develops electric vehicle platforms and battery technology. Its investors include Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors and Speciale Invest.

The company has developed battery architectures ranging from 48V to 400V and says its in-house technology capabilities span multiple vehicle segments.

Lip-Bu Tan has also joined Ultraviolette as an advisor as part of the latest investment.

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