Ultraviolette Raises $85 Million to Scale EV Production and Expand Globally

Bengaluru, India, September 23, 2026: Bengaluru-based electric vehicle manufacturer Ultraviolette has raised $85 million in a new funding round, as the company looks to scale manufacturing, accelerate development of its next-generation electric vehicle platforms and expand into international markets.

The funding round was led by Yali Capital and TDK Ventures, with additional investment from Lip-Bu Tan, Chairman of Walden International and Advisor to Ultraviolette, along with the company’s existing and long-term investors.

Ultraviolette said the investment marks an important milestone in its evolution as it targets becoming a global electric mobility company.

A key part of the company’s international expansion strategy is its planned entry into the United States in 2027, alongside a broader expansion into markets across Latin America and Southeast Asia.

Ultraviolette to scale F77 and X-47 production

The new capital will be used to increase production of Ultraviolette’s existing electric motorcycles, including the F77 and X-47, while also supporting upcoming products such as the Tesseract electric scooter and Shockwave.

The company expects the investment to help it respond to growing demand in both domestic and international markets.

The funding will also be directed towards the development of Ultraviolette’s next-generation global EV platforms. These platforms will build on the company’s vertically integrated technology capabilities covering battery technology, power electronics, vehicle architecture and intelligent software.

Ultraviolette targets global EV markets

Ultraviolette is positioning itself as an India-based electric vehicle technology company with ambitions to develop products for international markets.

The company’s founders, Narayan Subramaniam and Niraj Rajmohan, said the latest investment would allow Ultraviolette to expand manufacturing, accelerate future product platforms and strengthen its presence in international markets.

“This funding round represents an important step in Ultraviolette’s evolution into a global electric mobility company,” the founders said.

They added that the company’s focus remains on combining performance, future-focused design and advanced technology in electric vehicles.

Yali Capital backs Ultraviolette’s engineering capabilities

Yali Capital’s Founding Managing Partner Ganapathy Subramaniam highlighted Ultraviolette’s in-house engineering capabilities as a key reason for the investment.

He pointed to the company’s work across batteries, powertrains, software and radar-based safety technology, as well as the progression of the F77 from concept to production and its availability in India and Europe.

Yali Capital also highlighted the upcoming Tesseract, which is expected to bring Ultraviolette’s technology and safety focus to the electric scooter segment and a wider customer base.

TDK Ventures Investment Director Ravi Jain said the adoption of electric two-wheelers can be accelerated through products that combine differentiated technology with strong product development.

Ultraviolette develops 48V to 400V battery technology

A key element of Ultraviolette’s technology strategy is its in-house expertise across a broad range of battery architectures.

The company has developed battery systems spanning 48V to 400V, giving it the ability to develop electric mobility platforms for different vehicle categories and performance requirements.

According to Ultraviolette, this breadth of expertise allows its engineers to tailor platforms according to requirements such as performance, range, thermal management and packaging.

The company’s vertically integrated approach covers multiple core EV technologies, including battery architecture, power electronics, vehicle systems and software.

Ultraviolette plans US entry in 2027

The latest funding comes as Ultraviolette prepares for a significant expansion beyond its existing markets.

The company is targeting the United States in 2027, while also planning expansion across selected markets in Latin America and Southeast Asia.

Lip-Bu Tan, Chairman of Walden International and an advisor to Ultraviolette, said the company’s combination of engineering expertise, intellectual property and focus on developing technology in-house was a key attraction.

The $85 million investment is expected to provide Ultraviolette with additional resources to scale production, develop new EV platforms and establish itself across international markets.

With the F77 and X-47 already forming part of its product portfolio and the Tesseract and Shockwave among its upcoming products, Ultraviolette is now entering a new phase focused on higher production volumes, broader product coverage and global expansion.