Ultraviolette Raises $21M from Japan’s TDK Ventures to Fuel Global EV Expansion
What is the news?
Bengaluru-based electric motorcycle manufacturer Ultraviolette, co-founded by Narayan Subramaniam and Niraj Rajmohan, has successfully raised $21 million in a strategic funding round. The round was led by Japanese deep-tech investor TDK Ventures, with continued support from existing investors.
Why is it interesting?
- The investment will accelerate the company’s R&D, scale up manufacturing, and support its expansion into new global markets, reinforcing the vision of a Global Indian Alpha brand.
- Ultraviolette’s F77 electric motorcycle is already the first Indian e-2W to receive European certification and is sold in 10 European countries, a clear sign of its global impact.
- This collaboration within the Founders Community underscores the growing global confidence in Indian engineering and deep-tech capabilities.
Read more: Electric bike startup Ultraviolette raises $21 Mn led by TDK Ventures