
Bengaluru-based electric vehicle innovator Ultraviolette has secured $21million in fresh funding, with Japanese giant TDK Ventures leading the round. This significant infusion is set to turbocharge Ultraviolette’s manufacturing, R&D, and global go-to-market ambitions-solidifying its status as a frontrunner in India’s rapidly growing electric motorcycle sector.
Who Invested? A World-Class Roster of Backers:
The funding round brought together a unique blend of high-profile and strategic investors:
- Lead Investor: TDK Ventures, corporate venture capital arm of TDK Corporation, brings unmatched expertise in energy, electronics, and battery innovation.
- Follow-on Participation: Past investors Zoho Corporation and Lingotto (formerly Exor Capital), as well as TVS Motor Company, Qualcomm Ventures, Speciale Invest, and other institutional backers.
- Angel Support: Notable entrepreneurs such as Sriharsha Majety (Swiggy), Ankit Nagori (Cure Foods), Aprameya Radhakrishna (TaxiForSure), and acclaimed actor Dulquer Salmaan add star power and ecosystem depth.
Growth Focus: Scaling Up for India and Beyond
Buoyed by this new capital, Ultraviolette is ready to:
- Expand Retail Footprint: The company will leap from 20 cities to over 100 cities in India within a year.
- Supercharge Manufacturing: Funds are earmarked for increasing production capacity to meet booming domestic and global demand.
- Accelerate R&D: Advanced battery platforms and intelligent vehicle systems are in the pipeline, aiming for safer, smarter, and more efficient EVs.
- Europe and Global Expansion: Ultraviolette’s flagship F77 motorcycle already boasts European certification and is now being sold in ten European countries, making it the first Indian electric two-wheeler with this distinction.
Why TDK Matters: Deep-Tech Collaboration for the Future
TDK Ventures is not just an investor-it’s a technology partner, enabling Ultraviolette to harness global expertise in next-gen battery tech, power electronics, and EV systems. TDK’s Bengaluru Innovation Hub, launched in 2023, will help Ultraviolette and other Indian deep-tech startups access global markets and scale their solutions for international impact.
Management Speaks: Vision for Future-Ready Mobility
Narayan Subramaniam, CEO and Co-founder:
“Mobility is undergoing a radical transformation, and at Ultraviolette, we are leading that change through cutting-edge innovation. Our partnership with TDK Ventures fast forwards our efforts, from advanced battery platforms to intelligent vehicle systems. This collaboration not only accelerates our vision of future-ready mobility but also reinforces our commitment to delivering electric vehicles that are aspirational and globally relevant.”
Niraj Rajmohan, CTO and Co-founder, echoed this commitment to continuous innovation in deep-tech and building a more efficient electric mobility ecosystem.
Milestones and Market Impact:
- First Indian E2W with European Certification: The F77, a performance-focused, aviation-inspired e-motorcycle, is paving the way for India-made EVs abroad.
- Robust Order Book: Ultraviolette’s newly launched models and global expansion have driven a surge in bookings and demand.
- Recognition: The company is competing with leaders like Ola Electric and Ather Energy, but stands out for its tech-driven performance positioning and premium design.
The Road Ahead: A New Era for Indian EVs
As India’s electric mobility market heats up-with two-wheeler electrification still under 1% penetration-Ultraviolette is uniquely positioned to lead both at home and globally. Its mix of premium products, deep-tech focus, and high-powered backers sets a template for what India can export to the world: accessible, aspirational, and sustainable mobility.