Bengaluru-based electric vehicle (EV) startup Ultraviolette has raised $21 million in fresh funding, led by Japan’s TDK Ventures, the venture capital arm of TDK Corporation. The round also saw participation from Zoho Corporation, Lingotto (formerly Exor Capital), and other institutional backers.
Ultraviolette, which is already supported by TVS Motor Company, Qualcomm Ventures, Speciale Invest, and well-known angel investors like Sriharsha Majety (Swiggy), Ankit Nagori (Cure Foods), Aprameya Radhakrishna (TaxiForSure), and actor Dulquer Salmaan, is now preparing for its next phase of growth.
Pushing the Boundaries of EV Innovation
Founded by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette focuses on advanced battery technology and intelligent EV systems. The startup recently made headlines with the F77 electric motorcycle, which became the first Indian electric two-wheeler to receive European Certification and is now sold in 10 countries across Europe.
CEO Narayan Subramaniam emphasized that this investment will speed up their mission: “Our partnership with TDK Ventures accelerates our journey toward future-ready mobility, from cutting-edge battery platforms to smart vehicle systems.”
Aggressive Expansion Across India
Ultraviolette is scaling its retail network from 20 cities to over 100 cities nationwide. The fresh capital will help ramp up manufacturing, expand international sales, and strengthen R&D for upcoming high-performance EVs.
With this funding, Ultraviolette is positioning itself not just as an EV manufacturer, but as a global player in sustainable, performance-driven mobility — aiming to make Indian electric motorcycles a worldwide phenomenon.
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