Ultraviolette Secures $21M, Fuels Global EV Expansion
August 13, 2025, 3:32 am
Location: United States, California, Sorrento Valley
Employees: 1-10
Founded date: 2000
Ultraviolette, a pioneering Indian electric vehicle startup, has successfully secured $21 million in a strategic funding round. Japanese venture firm TDK Ventures spearheaded the investment. Existing backers like Zoho Corporation also participated. This capital injection propels Ultraviolette's ambitious growth plans. The company aims to significantly expand its retail footprint. It targets 100 cities across India. Global market expansion, particularly in Europe, is also a priority. Funds will accelerate product portfolio development. This includes advanced electric motorcycles and innovative scooters. Manufacturing capabilities will scale. Research into cutting-edge battery platforms and intelligent vehicle systems gains momentum. The investment solidifies Ultraviolette's position. It drives its vision for future-ready, globally relevant electric mobility solutions. The EV sector's rapid growth underpins this significant financial boost.
Bengaluru-based Ultraviolette Automotive announced a substantial $21 million funding round. This fresh capital infusion marks a pivotal moment for the electric two-wheeler manufacturer. Japanese venture capital firm TDK Ventures led the investment. Other notable participants included existing investors like Zoho Corporation and Lingotto. Qualcomm Ventures, Speciale Invest, and TVS Motor Company also hold stakes. This robust backing signals strong confidence in Ultraviolette’s trajectory.
TDK Ventures, the corporate venture arm of electronics giant TDK Corporation, brings more than just capital. TDK Ventures focuses on deep technology. Its portfolio spans robotics, industrial innovation, and next-generation transportation. The firm launched its Bengaluru Innovation Hub in late 2023. This strategic partnership offers Ultraviolette access to cutting-edge expertise. It supports advancements in battery technology and intelligent vehicle systems. This collaboration accelerates Ultraviolette’s research initiatives. It strengthens its technological foundation.
The newly acquired funds will fuel aggressive domestic expansion. Ultraviolette plans to dramatically widen its retail presence across India. The company currently operates in 20 cities. Its ambitious target is to reach over 100 cities nationwide by fiscal year 2026. This significant expansion caters to India’s burgeoning electric vehicle market. It addresses rising consumer demand for sustainable mobility. Expanding the distribution network is crucial for market penetration.
Global market ambitions also receive a major boost. Ultraviolette successfully entered European markets earlier this year. Its F77 Mach 2 and F77 SuperStreet models are already available. They reach consumers in ten European countries. Key markets include Germany, France, and the United Kingdom. This international footprint showcases Ultraviolette’s capability. It demonstrates its commitment to becoming a global EV player. The funding will accelerate this international push.
Ultraviolette boasts a diverse and innovative product portfolio. Its flagship electric motorcycles, the F77 Mach 2 and F77 SuperStreet, lead its offerings. The company recently expanded into electric scooters with the Tesseract. It also unveiled the electric motorcycle Shockwave. A dedicated UV racing platform underscores its performance capabilities. This product diversification positions Ultraviolette competitively. It caters to a broader range of electric two-wheeler enthusiasts.
Beyond retail expansion, the investment fortifies Ultraviolette’s core operations. It supports scaling manufacturing capabilities. This is essential for meeting increased demand. Funds also accelerate vital research and development efforts. Focus areas include advanced battery platforms. Intelligent vehicle systems are another priority. These technological advancements are critical for future product innovation. They ensure Ultraviolette remains at the forefront of electric mobility.
Financial performance indicates a growth-stage startup. For fiscal year 2024, Ultraviolette reported revenue of Rs 23.9 crore. This marked an increase from Rs 14.6 crore in FY23. However, net losses also widened to Rs 61.6 crore from Rs 7.5 crore in FY23. Such figures are common for high-growth ventures. The current funding aims to convert this growth into profitability. Ultraviolette targets over $50 million in revenue by FY26.
Ultraviolette operates in a highly competitive electric two-wheeler market. Its rivals include prominent players like Ola Electric, Oben Electric, and Ather Energy. Each company vies for market share. Ultraviolette differentiates itself through its premium product offerings. It focuses on performance, design, and advanced technology. Its electric motorcycles aim for an aspirational segment. This strategic positioning sets it apart from mass-market competitors.
The investment arrives amid a booming electric vehicle segment in India. Government support for EV adoption continues to strengthen. Consumer interest and environmental awareness are also rising. The global shift towards electrification provides a favorable backdrop. Ultraviolette is well-positioned to capitalize on these macro trends. Its growth aligns with broader industry transformations.
Ultraviolette stands poised for significant future growth. The $21 million capital infusion enables its aggressive expansion strategy. It facilitates advanced product development. It supports manufacturing scale. The company aims to deliver electric vehicles that are both aspirational and globally relevant. Ultraviolette is actively leading the radical transformation of mobility. This investment marks a major stride towards its vision for sustainable, high-performance electric transport.
Bengaluru-based Ultraviolette Automotive announced a substantial $21 million funding round. This fresh capital infusion marks a pivotal moment for the electric two-wheeler manufacturer. Japanese venture capital firm TDK Ventures led the investment. Other notable participants included existing investors like Zoho Corporation and Lingotto. Qualcomm Ventures, Speciale Invest, and TVS Motor Company also hold stakes. This robust backing signals strong confidence in Ultraviolette’s trajectory.
TDK Ventures, the corporate venture arm of electronics giant TDK Corporation, brings more than just capital. TDK Ventures focuses on deep technology. Its portfolio spans robotics, industrial innovation, and next-generation transportation. The firm launched its Bengaluru Innovation Hub in late 2023. This strategic partnership offers Ultraviolette access to cutting-edge expertise. It supports advancements in battery technology and intelligent vehicle systems. This collaboration accelerates Ultraviolette’s research initiatives. It strengthens its technological foundation.
The newly acquired funds will fuel aggressive domestic expansion. Ultraviolette plans to dramatically widen its retail presence across India. The company currently operates in 20 cities. Its ambitious target is to reach over 100 cities nationwide by fiscal year 2026. This significant expansion caters to India’s burgeoning electric vehicle market. It addresses rising consumer demand for sustainable mobility. Expanding the distribution network is crucial for market penetration.
Global market ambitions also receive a major boost. Ultraviolette successfully entered European markets earlier this year. Its F77 Mach 2 and F77 SuperStreet models are already available. They reach consumers in ten European countries. Key markets include Germany, France, and the United Kingdom. This international footprint showcases Ultraviolette’s capability. It demonstrates its commitment to becoming a global EV player. The funding will accelerate this international push.
Ultraviolette boasts a diverse and innovative product portfolio. Its flagship electric motorcycles, the F77 Mach 2 and F77 SuperStreet, lead its offerings. The company recently expanded into electric scooters with the Tesseract. It also unveiled the electric motorcycle Shockwave. A dedicated UV racing platform underscores its performance capabilities. This product diversification positions Ultraviolette competitively. It caters to a broader range of electric two-wheeler enthusiasts.
Beyond retail expansion, the investment fortifies Ultraviolette’s core operations. It supports scaling manufacturing capabilities. This is essential for meeting increased demand. Funds also accelerate vital research and development efforts. Focus areas include advanced battery platforms. Intelligent vehicle systems are another priority. These technological advancements are critical for future product innovation. They ensure Ultraviolette remains at the forefront of electric mobility.
Financial performance indicates a growth-stage startup. For fiscal year 2024, Ultraviolette reported revenue of Rs 23.9 crore. This marked an increase from Rs 14.6 crore in FY23. However, net losses also widened to Rs 61.6 crore from Rs 7.5 crore in FY23. Such figures are common for high-growth ventures. The current funding aims to convert this growth into profitability. Ultraviolette targets over $50 million in revenue by FY26.
Ultraviolette operates in a highly competitive electric two-wheeler market. Its rivals include prominent players like Ola Electric, Oben Electric, and Ather Energy. Each company vies for market share. Ultraviolette differentiates itself through its premium product offerings. It focuses on performance, design, and advanced technology. Its electric motorcycles aim for an aspirational segment. This strategic positioning sets it apart from mass-market competitors.
The investment arrives amid a booming electric vehicle segment in India. Government support for EV adoption continues to strengthen. Consumer interest and environmental awareness are also rising. The global shift towards electrification provides a favorable backdrop. Ultraviolette is well-positioned to capitalize on these macro trends. Its growth aligns with broader industry transformations.
Ultraviolette stands poised for significant future growth. The $21 million capital infusion enables its aggressive expansion strategy. It facilitates advanced product development. It supports manufacturing scale. The company aims to deliver electric vehicles that are both aspirational and globally relevant. Ultraviolette is actively leading the radical transformation of mobility. This investment marks a major stride towards its vision for sustainable, high-performance electric transport.