TDK Ventures Pours Funds into Ultraviolette for Global Growth in Electric Motorcycles
In an exciting development for the electric mobility sector, Japanese deep-tech investor TDK Ventures has invested in Bengaluru-based Ultraviolette, a company that specialises in performance-oriented electric motorcycles. This investment is part of Ultraviolette's latest USD 21 million funding round, which also saw participation from Zoho Corporation, Lingotto (formerly Exor Capital), and other institutional backers.
Ultraviolette's CEO and Co-founder, Narayan Subramaniam, stated that this investment will help the company lead the transformation in mobility through cutting-edge innovation. The funds will be used for advanced battery R&D, manufacturing scale-up, expanding retail footprint in India, and global market growth.
The partnership between Ultraviolette and TDK Ventures is aimed at advancing battery platforms and intelligent vehicle systems. TDK Ventures, which invests in scalable energy, mobility, and sustainability solutions, established its Bengaluru Innovation Hub in 2023 to support Indian entrepreneurs in taking their technologies to global markets.
Ravi Jain, Investment Director at TDK Ventures, expressed excitement about supporting Ultraviolette in designing the next generation of energy-efficient and performance electric two-wheeler platforms. He further added that the investment aligns with TDK's focus on IoT, EV mobility, and renewables.
Ultraviolette's expansion plans include scaling manufacturing capacity, expanding its product portfolio (including upcoming models like the Tesseract scooter and Shockwave light motorcycle), and growing its distribution network aggressively both in India and internationally. The company has over 70,000 paid bookings worth over $120 million, reflecting strong market acceptance.
Niraj Rajmohan, CTO and Co-founder, expressed Ultraviolette's commitment to continue innovating in deep-tech to shape the future of mobility. He also stated that the company aims to expand its retail footprint from 20 cities to over 100 cities in India and grow its presence in global markets, including 10 European countries where the flagship electric motorcycle, the F77, is already certified and sold.
The F77, the first Indian electric two-wheeler to receive European certification, is currently being sold in 10 European countries. This investment is expected to help Ultraviolette strengthen its position in international markets alongside its domestic expansion.
This article is published by Staff India, an international franchise of Media, underlining our commitment to bringing you the latest news and updates from the world of technology and innovation.
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