FUNDING
Ultraviolette Secures $85 Million to Expand Electric Motorcycle Business
Ultraviolette, the Bengaluru-based maker of high-performance electric motorcycles, has raised $85 million in a fresh funding round. The news is big for anyone following Indian electric two-wheelers, premium EVs, or the push of Indian tech brands into global markets.
This Series E round supports bigger production, new models, and entry into the US market by 2027. Here’s a clear look at the funding, the investors, how the money will be used, and what it means for riders in India and abroad.
What Is the Latest Ultraviolette Funding News?
In September 2026, Ultraviolette Automotive announced it raised $85 million (around ₹800+ crore). The round was led by deep-tech investors Yali Capital and TDK Ventures.
Existing investors also joined. The company described the capital as growth funding to scale manufacturing, launch new products, and expand internationally.
Ultraviolette was founded in 2016 by Narayan Subramaniam (CEO) and Niraj Rajmohan (CTO). It focuses on performance electric motorcycles with strong in-house technology in batteries, power electronics, vehicle design, and software. The brand already sells in India and about 20 European countries.
Who Invested in Ultraviolette’s $85 Million Series E Round?
The lead investors were:
Yali Capital: a deep-tech-focused fund
TDK Ventures: the investment arm of Japanese electronics giant TDK
A notable individual investor is Lip-Bu Tan, Chairman of Walden International and Intel CEO. He invested personally and joined Ultraviolette as an advisor. Tan first connected with the company years earlier and has followed its technology progress.
Other long-term backers who participated or have supported Ultraviolette include Zoho Corporation, Lingotto (linked to the Ferrari/Exor group), Qualcomm Ventures, TVS Motor Company, and Speciale Invest.
This mix of deep-tech, corporate, and strategic investors shows strong confidence in Ultraviolette’s engineering and global plans.
How Will Ultraviolette Use the New Funding?
The company plans to put the money into three main areas:
Scaling production of current models (F77 and X-47) and upcoming ones.
Developing next-generation EV platforms that use its battery technology (from 48V to 400V), power electronics, vehicle architecture, and software.
International expansion, including preparing for the US market in 2027 plus growth in Latin America and Southeast Asia.
This funding comes after Ultraviolette announced a new manufacturing facility designed to eventually reach up to 500,000 units per year. The capital will help ramp up output to meet rising demand in India and overseas.
Ultraviolette’s Current and Upcoming Electric Vehicles
Current models
F77 - High-performance electric sports motorcycle known for strong acceleration, range, and futuristic design.
X-47 - Crossover-style electric motorcycle suited for more everyday and versatile riding.
Upcoming products
Tesseract - An electric scooter planned for commercial availability around early 2027.
Shockwave - An enduro-style motorcycle aimed at adventure and off-road-oriented riders.
The company builds on proprietary battery safety systems and advanced electronics. Riders often look for Ultraviolette because it targets performance rather than just basic city commuting. Pricing has become more accessible over time, with newer models aimed at broader segments while keeping a premium feel.
Global Expansion Plans: From India to the US and Beyond
Ultraviolette already sells its motorcycles in India and across 20 European markets, including Germany, France, Spain, the UK, Italy, and others.
With the new funds, the company is targeting:
United States entry in 2027
Expansion into Latin America and Southeast Asia
Further growth in Europe and potential moves toward Japan
Lip-Bu Tan’s involvement as an advisor is expected to support Ultraviolette EV's US entry. TDK Ventures and Lingotto are also seen as helpful for electronics supply chains and European/Japanese market access.
Why This Funding Matters for the Indian EV Industry
India’s electric two-wheeler market continues to grow, with more riders looking at performance options beyond basic scooters. Ultraviolette stands out by focusing on high-performance electric motorcycles and building technology in-house rather than relying only on imported parts.
The $85 million round shows that investors still see strong potential in well-engineered Indian EV brands that can compete globally. It also supports local manufacturing scale-up in places like Karnataka and Tamil Nadu, creating jobs and strengthening the supply chain.
For riders, more funding usually means better availability, new models, improved service networks, and continued product development. Ultraviolette has been expanding its retail presence in India and aims for wider reach in the coming years.