Bengaluru‑based electric motorcycle maker Ultraviolette has raised $21 million in a new funding round led by Japan’s TDK Ventures, with participation from other global and domestic investors. The capital aims to help the startup scale production, sharpen battery tech, and expand its market reach across India.
Funding focus and next steps
The new funding will be used to strengthen core capabilities and speed up commercial readiness.
- Manufacturing scale-up to improve output and reduce lead times.
- Battery and powertrain R&D to enhance range and performance.
- Sales and service expansion in major Indian cities.
- Product development for new variants aimed at urban riders.
Ultraviolette is known for building performance‑oriented electric motorcycles that target buyers looking for speed, range and modern design rather than just cheap transport. This round will help move the brand from niche to wider availability.
Why investors are backing Ultraviolette
Investors are betting on India’s growing appetite for premium electric two‑wheelers. Factors behind the interest include:
- Rising fuel prices and higher total cost of ownership for petrol bikes.
- Government push for cleaner mobility and state policies favouring EV adoption.
- Strong consumer demand in metro and tier‑1 cities for quality electric bikes.
- Japan’s TDK Ventures brings expertise in battery components and electronics, which is crucial for performance EVs.
For Indian EV manufacturing, foreign capital also brings supply‑chain know‑how and access to global technology partners.
What this means for Indian riders
For customers in cities like Bengaluru, Pune, Mumbai and Delhi, the funding should translate to:
- Faster deliveries and better after‑sales support.
- Improved range and reliability as battery tech matures.
- More choices in the premium EV segment.
Ultraviolette’s raise is a sign that India’s EV market is evolving beyond low‑cost scooters to performance bikes that appeal to enthusiasts and commuters alike. This funding round underlines a shift in India’s electric two‑wheeler story — from experimentation to serious scaling — and gives riders more reason to consider high‑performance electric bikes.