Ultraviolette today announced a new funding round of $85 million.
The round was led by Deep Tech Fund Yali Capital and TDK Ventures and investment from LipBu Tan, Chairman of Walden International& Advisor to Ultraviolette, alongside Ultraviolette’s
current and long-term investors.
The funding marks an important milestone in Ultraviolette’s journey as it scales its manufacturing
capabilities, advances the development of its next generation of electric vehicle platforms and
accelerates its international expansion. The company is targeting entry into the United States in
2027, alongside a broader expansion across key markets in Latin America and South-East Asia.
Ultraviolette will deploy the capital towards scaling production for its current products F77 and
X-47 and upcoming products, Tesseract and Shockwave, to serve the rapidly growing domestic
and international demand.
This investment will also support the development of Ultraviolette’s next generation of global EV
platforms. These platforms will build upon the company’s vertically integrated capabilities
across battery technology, power electronics, vehicle architecture and intelligent software.
Lip-Bu Tan, Chairman of Walden International commented, “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 inhouse; 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 twowheeler 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 commented, “The adoption of electric twowheelers 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 & Niraj Rajmohan, shared “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 has built deep technical capabilities spanning battery architectures from 48V to
400V, enabling the company to develop electric mobility solutions across multiple vehicle
segments and performance requirements. Ultraviolette is one of the only electric vehicle
manufacturers globally with in-house technology capabilities spanning this range of battery
architectures. This breadth of expertise gives the company the ability to engineer platforms
around the specific performance, range, thermal-management and packaging requirements of
different vehicle categories
