Funding led by Yali Capital and TDK Ventures; Lip-Bu Tan joins as an advisor
Bengaluru: Ultraviolette has raised $85 million in a funding round led by Yali Capital and TDK Ventures, with participation from Lip-Bu Tan, Chairman of Walden International, who joins the company as an advisor, alongside existing investors.
The investment will support manufacturing expansion, next-generation electric vehicle (EV) platform development and international growth. Following its announcement of a new manufacturing facility with an annual production capacity of 500,000 units, Ultraviolette will scale its F77 and X-47 electric motorcycles, alongside upcoming products, the Tesseract scooter and Shockwave enduro motorcycle.
Currently present in India and 20 European countries, the company is targeting US market entry in 2027, with further expansion planned across Latin America and Southeast Asia.
Lip-Bu Tan, Chairman, Walden International, said, “What I really like about Ultraviolette is the combination of deep engineering expertise, strong IP, and the willingness to take on genuinely difficult problems. They have built the technology from first principles and are focused on creating something that is truly differentiated for the long term.”
Ganapathy Subramaniam, Founding Managing Partner, Yali Capital, said, “India’s shift towards cleaner mobility will increasingly be driven by electric two-wheelers, given the scale of the segment. What attracted us to Ultraviolette is the depth of engineering the team has built in house; from the battery, powertrain to software and radar and their focus on applying this technology to real rider needs, especially safety. Ultraviolette has taken the F77 from concept to the roads in India and Europe, and brought radar-based safety features into a production two wheeler with the X-47. With the Tesseract, launching early next year, they will bring this engineering and safety focus to scooters and a much wider set of riders. This combination of deep technology, product focus and ambition gives us strong conviction in Ultraviolette, and we are proud to back them.”
Ravi Jain, Investment Director, TDK Ventures, said, “The adoption of electric two wheelers can be accelerated by superior products powered by differentiated technology. We continue to believe that Ultraviolette is best positioned to catalyze this transition and build winning products for global markets.”
Ultraviolette Founders Narayan Subramaniam and Niraj Rajmohan said, “This funding round represents an important step in Ultraviolette’s evolution into a global electric mobility company. The conviction demonstrated by Yali Capital, TDK Ventures, Lip-Bu Tan and our long-term investors reinforces our vision of building a design and tech focused global brand out of India. This investment will enable us to scale manufacturing, accelerate the development of our future product platforms and deepen our presence across international markets. Our single minded focus is about being a global leader in future mobility; electric vehicles that bring together uncompromising performance, future centric design and advanced technology.”
Ultraviolette’s in-house engineering capabilities span battery architectures from 48V to 400V, supporting the development of EV platforms for different vehicle segments and performance requirements.
