Funding
Ultraviolette raises $21 million with TDK Ventures
By Startup Enthusiast ·
- Date
- Company
- Ultraviolette
- What it does
- TDK Ventures, Zoho, Lingotto
- Kind
- Funding
- Amount
- $21 million
- Stage
- Series E
- Based in
- Bengaluru
- Founded
- 2016
What they do
TDK Ventures, the venture arm of Japan’s TDK, made a strategic bet in a $21 million all-equity round, joined by Zoho and Lingotto
What happened
The startup planned to grow its European presence fourfold and test Latin America and South-East Asia
Why it matters
It also aimed for 14 models by early 2027 and stores in 100 Indian cities, after entering ten European countries
The details
- Ultraviolette raised $21 million in equity.
- TDK Ventures invested; Zoho and Lingotto returned.
- It had entered 10 European countries two months before.
- Target: 14 models by early 2027.
- Plan: stores in 100 Indian cities.
The bigger picture
- A Japanese electronics group backing it helps with battery and parts know-how.
- It funded the global push.
- It kept the Series E going between larger tranches.
About the business
- Ultraviolette designs and builds premium electric motorcycles in Bengaluru, led by the F77 and the X-47.
- It sells in India and in about 19 European countries, and is adding a scooter (Tesseract) and a cheaper bike (Shockwave).
- Money comes from vehicle sales, with a battery subscription option to lower the upfront price.
Investors
Founders
- Narayan Subramaniam, Co-founder and CEO
- Niraj Rajmohan, Co-founder and CTO
About Ultraviolette
- Product
- Electric two-wheelers, including motorcycles and upcoming scooter and dirt-bike models.
- Customers
- Consumers buying electric motorcycles and other EV two-wheelers.
- How it makes money
- Sells vehicles directly to end customers through an automotive retail model.
- Operations
- Expanding manufacturing capacity in Karnataka and Tamil Nadu.
Other articles talking about it
More on Ultraviolette
- Ultraviolette bags $85 million to fuel global EV expansion27 September 2026 · Funding · $85M
- Kolkata Police add 183 Ultraviolette electric bikes21 September 2026 · Partnership
- Ultraviolette raises Rs 373 crore in Series E round11 September 2026 · Funding · Rs 373.04 crore
- Ultraviolette in talks to raise $45-50 million from existing investors21 August 2026 · Funding · $45-50 million
- Ultraviolette plans 1.5 lakh unit capacity before IPO17 July 2026 · Launch
- Ultraviolette enters six more European countries7 April 2026 · Launch
- Ultraviolette to invest Rs 200 crore in Karnataka expansion27 March 2026 · Launch · Rs 200 crore
- Ultraviolette cuts bike prices with battery subscription5 March 2026 · Launch