Bengaluru EV startup Ultraviolette has picked up $85 million in a fresh round of funding. Deep tech fund Yali Capital and TDK Ventures led the round. Lip-Bu Tan, who chairs Walden International and advises the company, also invested, along with existing backers.
Where the Funds Will Go
The money will help the company make more of its two current models, the F77 motorcycle and the X-47. It will also back the Tesseract scooter and the Shockwave, both still awaiting full launch. Beyond production, the firm plans to use the capital for its next set of EV platforms, drawing on its own work in batteries, power electronics, vehicle design and software.
Overseas Plans
Ultraviolette wants to enter the United States in 2027. Latin America and South-East Asia are also on its expansion map. Founders Narayan Subramaniam and Niraj Rajmohan described the round as a major step towards building a design and technology-led global brand from India.
What Investors Said
Lip-Bu Tan said he values the company's engineering skill, intellectual property and readiness to solve hard problems. In his view, the team builds its technology from first principles to create something genuinely different.
Ganapathy Subramaniam of Yali Capital said electric two-wheelers will drive India's move to cleaner transport. He pointed to the firm's in-house strength in batteries, powertrains, software and radar, and its attention to rider safety. He noted the F77 has gone from concept to roads in India and Europe, and the X-47 brought radar-based safety to a production two-wheeler. The Tesseract, he added, will carry this approach to scooters and more riders.
Ravi Jain of TDK Ventures said superior products built on distinct technology can speed up electric two-wheeler adoption, and that the company is placed well to lead this shift.
Why the Battery Range Matters
Ultraviolette builds battery systems covering 48V to 400V on its own. Very few EV makers worldwide can claim this. It lets the firm tune performance, range, heat management and packaging for different vehicle types.
The Road Ahead
Buyers can expect quicker output of the F77 and X-47, firmer timelines for the Tesseract and Shockwave, and safety features like radar reaching more vehicles. The 2027 US entry will show whether this homegrown brand can compete globally.