Electric Motorcycle Maker Ultraviolette Raises $85 Million to Scale Production, Eye Global Markets

Bengaluru-based electric motorcycle maker Ultraviolette Automotive has raised $85 million in a Series E funding round, giving the homegrown EV manufacturer fresh capital to scale production and push into new international markets.

Who's Backing the Round

The round was led by Yali Capital and TDK Ventures, with participation that also brought in Lip-Bu Tan, chairman of Walden International, who is joining Ultraviolette as an advisor. Tan's involvement is notable given his background in the semiconductor and deep-tech investing world, suggesting the company is positioning itself as much as a technology platform as a vehicle manufacturer. TDK Ventures' participation also points to a deeper interest in Ultraviolette's battery and electronics stack, an area where the Japanese electronics giant has broad expertise through its parent company's components business.

What the Money Is For

Ultraviolette said the funds will go toward scaling production of its existing electric motorcycle lineup, developing new EV platforms, and expanding its footprint in international markets. The company currently sells its F77 sport motorcycle and X-47 Crossover in India and across 20 European countries, and has previously announced a new manufacturing facility designed to eventually support annual production capacity of up to 500,000 units, a scale that would put it firmly among the more ambitious electric two-wheeler makers globally rather than a niche player.

The company's product roadmap includes the Tesseract electric scooter and the Shockwave, an enduro-focused electric motorcycle, both aimed at broadening Ultraviolette's range beyond its current sport-bike positioning and into segments with larger addressable markets in India and abroad.

Eyes on the US and Beyond

Ultraviolette is targeting an entry into the United States market in 2027, alongside plans to expand into Latin America and Southeast Asia. A US launch would mark a significant step for an Indian EV startup, since the American motorcycle market has historically been dominated by established brands and remains a difficult market for newer entrants to crack on emissions certification, dealer networks and consumer trust alone.

Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette has built its reputation on performance-oriented electric motorcycles at a time when most of India's electric two-wheeler market has been concentrated in mass-market scooters. The company's ability to already sell in 20 European countries gives it a head start on export experience and regulatory approvals that could smooth its path into further international markets.

Why It Matters

The funding round lands at a moment when investor appetite for India's electric vehicle sector remains strong despite broader caution in global startup funding, and it underscores continued interest in homegrown deep-tech and hardware companies rather than purely software plays. For India's EV ecosystem, a credible international push by a domestic two-wheeler brand would be a meaningful signal, both for supply chain partners and for policymakers pushing to position India as a manufacturing base for electric vehicles rather than just a large consumption market.

This is an original summary based on public reporting. See our editorial policy for how we source, write, and correct our stories.