Ultraviolette, the electric mobility company, has raised $85 million in a new funding round led by deep-tech fund Yali Capital and TDK Ventures, with participation from Lip-Bu Tan, Chairman of Walden International and Advisor to Ultraviolette, along with the company’s existing and long-term investors.
Capital to support production and new EV platforms
The fresh capital will be used to scale manufacturing of Ultraviolette’s existing F77 and X-47 electric motorcycles, as well as its upcoming products Tesseract and Shockwave.
The company will also invest in the development of its next-generation global EV platforms, building on its in-house capabilities in battery technology, power electronics, vehicle architecture and intelligent software.
Ultraviolette is targeting entry into the US market in 2027, alongside expansion across key markets in Latin America and Southeast Asia.
Focus on vertically integrated technology
The Bengaluru-based company has developed battery architectures ranging from 48V to 400V, enabling it to engineer electric mobility platforms across different vehicle segments and performance requirements.
According to Ultraviolette, its in-house technology capabilities cover battery architecture, powertrain, software, radar and vehicle engineering. The company said this allows it to develop platforms based on specific requirements for performance, range, thermal management and packaging.
Walden International Chairman Lip-Bu Tan, who will join the board as advisor, said Ultraviolette combines engineering expertise and intellectual property with a focus on solving complex technology problems.
“What I really like about Ultraviolette is the combination of deep engineering expertise, strong IP, and the willingness to take on genuinely difficult problems,” Tan said.
Investors back global ambitions
Yali Capital Founding Managing Partner Ganapathy Subramaniam said the scale of India’s electric two-wheeler market could make the segment an important driver of cleaner mobility.
He said Ultraviolette’s engineering capabilities across batteries, powertrain, software and radar, along with its focus on safety, were among the factors behind Yali Capital’s investment.
TDK Ventures Investment Director Ravi Jain said the adoption of electric two-wheelers could be accelerated by products built around differentiated technology, adding that Ultraviolette was focused on developing products for global markets.
Scaling into a global EV brand
Ultraviolette founders Narayan Subramaniam and Niraj Rajmohan said the funding would support manufacturing scale-up, future product platforms and international expansion.
The company said its strategy is centred on building a global electric mobility brand from India, combining performance, design and advanced technology.
The upcoming Tesseract, which Ultraviolette says is scheduled to launch early next year, will extend its technology and safety capabilities into the electric scooter segment.