Ultraviolette raises $85M Series E to take its electric motorcycles global
What's the deal? Ultraviolette Automotive has raised $85 million in a Series E round led by deep-tech funds Yali CapitalDealroom has a profile for this one. Try Dealroom → and TDK VenturesDealroom has a profile for this one. Try Dealroom →. The Bengaluru-based electric motorcycle maker will use the capital to scale production, build new EV platforms, and expand across Europe, Japan, and the US.
Who's in? Existing investors Speciale InvestDealroom has a profile for this one. Try Dealroom →, Qualcomm Ventures, TVS Motor CompanyDealroom has a profile for this one. Try Dealroom →, Zoho CorpDealroom has a profile for this one. Try Dealroom →, and Lingotto also joined, alongside Lip-Bu TanDealroom has a profile for this one. Try Dealroom →, chairman of Walden International. Tan has come on board as an adviser to support the company's US expansion.
What's the endgame? Founded in 2016, Ultraviolette designs high-performance electric motorcycles and energy infrastructure. It currently sells the F77 and X-47 in 20 European countries and has two products in the pipeline: the Tesseract and Shockwave.
The new funds back the next generation of global EV platforms, with Lingotto and TDK Ventures aiding the push into Europe and Japan and strengthening the electronics supply chain.
Why now? The company is chasing profitability as it scales. In FY26, revenue rose roughly four- to fivefold to US$17.7M, co-founder Niraj Rajmohan said, and Ultraviolette aims to become Ebitda-positive within two years.
Earlier this month, it announced plans to invest about US$135.8M to expand manufacturing in Karnataka and Tamil Nadu.
In their words: "The profile of the investors we have indicate the growth ambitions of the company," Rajmohan said. On Tan's hardware credentials, he added: "Being one of the foremost people in this space to be able to get him on board as both an investor and as an advisor for us is an important addition."
The signal: The $85 million round ranks among the larger raises in its class, a marker of investor conviction in Indian EV hardware. Ultraviolette competes with Ola Electric, Ather Energy, and Tork Motors at home, while targeting buyers of 300cc–500cc petrol motorcycles abroad — a bet that Indian-built electric performance bikes can travel.
Read more: livemint.com
Image credit: Ultraviolette Automotive
