Funding · Mobility & Logistics

Ultraviolette bags $85 million to fuel global EV expansion

By Startup Enthusiast · 27 September 2026

Date: 27 September 2026
Company: Ultraviolette
What it does: Electric motorcycle and vehicle manufacturer
Kind: Funding
Amount: $85M
Stage: Series E
Based in: Bengaluru
Founded: 2016
Sector: Mobility & Logistics

What they do

Ultraviolette designs and manufactures high-performance electric motorcycles, scooters, and advanced battery systems with aviation-inspired engineering

What happened

The company secured an $85 million Series E [late-stage venture capital funding] round led by Yali Capital and TDK Ventures

Why it matters

The fresh capital will scale production capacity, fund upcoming vehicle launches, and accelerate entry into the United States market by 2027

The details

Electric vehicle maker Ultraviolette Automotive raised $85 million in a Series E funding round.
The financial backing was jointly spearheaded by technology investors Yali Capital and TDK Ventures.
Lip-Bu Tan, chairman of Walden International and CEO of Intel, participated personally in the round and joined as an adviser.
The company will deploy the funds to scale manufacturing, develop next-generation global electric vehicle platforms, and expand internationally.
Ultraviolette plans to enter the United States market in 2027 alongside expansions in Latin America and Southeast Asia.

The bigger picture

The transaction marks a transition from heavy research and development toward an aggressive commercial scale-up phase.
The company is building a new manufacturing facility in Tamil Nadu designed to eventually support up to 500,000 units in annual capacity.
The fresh capital will support commercial scaling for current models like the F77 and X-47 alongside upcoming vehicles like the Tesseract scooter and Shockwave motorcycle.

About the business

Ultraviolette designs, develops, and manufactures high-performance electric two-wheelers and proprietary energy infrastructure.
Its product lineup features electric motorcycles and crossovers such as the F77 and X-47, with upcoming models including the Tesseract and Shockwave.
The company operates an in-house engineering model, building proprietary battery architectures spanning 48V to 400V.
Revenue is generated through direct vehicle sales across domestic retail locations and international markets in Europe.
The business operates experience centers and retail touchpoints across multiple Indian cities and exports to over 20 European countries.

What happens next

Scale manufacturing capacity with a new facility in Tamil Nadu targeting up to 500,000 units annually.
Expand domestic retail presence from 50 locations to 100 locations across India.
Launch pilot market entries in the United States in 2027 alongside Latin America and Southeast Asia.

The deal

Type: Series E

Investors

Yali Capital (lead) — A deep-tech focused venture capital fund investing in emerging technology companies.
TDK Ventures (lead) — The corporate venture capital arm of electronic components manufacturer TDK Corporation.
Lip-Bu Tan (angel) — Chairman of Walden International and CEO of Intel.

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.

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