Ultraviolette raises $85M for EV production, global expansion; eyes US entry by 2027. Bengaluru-based Ultraviolette has raised $85 million led by Yali Capital and TDK Ventures to scale EV motorcycle production and expand into the US, Latin America and South-East Asia by 2027. By Vivek Dubey September 23, 2026, 1:21:13 PM IST (Published) Bengaluru-based electric motorcycle maker Ultraviolette, on Wednesday, announced to have raised $85 million in a funding round led by Deep Tech Fund Yali Capital and TDK Ventures, the company said on Tuesday. Lip-Bu Tan, Chairman of Walden International, also participated in the round and has joined Ultraviolette as an advisor, alongside the company's existing long-term investors. The round follows Ultraviolette's recent announcement of a new manufacturing facility with capacity for up to 500,000 units a year. According to the company, the funds will go towards scaling production of its current motorcycles, the F77 and X-47 Crossover, as well as two upcoming models, the Tesseract scooter and Shockwave enduro motorcycle. Ultraviolette said the capital will also support development of its next-generation EV platforms, which build on its work in battery technology, power electronics, vehicle architecture and software. Eyes US Entry by 2027 Ultraviolette currently sells motorcycles in India and 20 European countries, including Germany, France, Spain, Portugal, the UK, Belgium, the Netherlands, Italy, Switzerland and Hungary. The company said it plans to enter the US market in 2027 and expand into Latin America and South-East Asia. The company said it has developed battery architectures ranging from 48V to 400V, which it claims makes it one of the few EV manufacturers worldwide with in-house capability across that range. Ultraviolette says this allows it to design platforms suited to the performance, range, thermal-management and packaging requirements of different vehicle categories. What the Investors Said Lip-Bu Tan said Ultraviolette combines "deep engineering expertise, strong IP, and the willingness to take on genuinely difficult problems." Ganapathy Subramaniam, Founding Managing Partner at Yali Capital, said the firm was drawn to Ultraviolette's in-house engineering across battery, powertrain, software and radar systems, as well as its focus on rider safety. He cited the F77's rollout in India and Europe, radar-based safety features on the X-47, and the upcoming Tesseract scooter, expected early next year. Ravi Jain, Investment Director at TDK Ventures, said Ultraviolette is well placed to accelerate adoption of electric two-wheelers and build products for global markets. Ultraviolette founders Narayan Subramaniam and Niraj Rajmohan said the funding would support manufacturing scale-up, development of future platforms and expansion into international markets, as the company works towards its goal of becoming a global electric mobility brand built out of India.

Electric vehicle maker Ultraviolette has raised $45 million (Rs 404 crore) as part of its ongoing Series E round from domestic software company Zoho...

Ultraviolette raises USD 85 mn for global EV platforms. Ultraviolette raises USD 85 million led by Yali Capital and TDK Ventures to build next-gen global EV platforms. Ultraviolette has raised USD 85 million in a new funding round led by Yali Capital and TDK Ventures with participation from Lip-Bu Tan, Chairman of Walden International, who also joins the company as an advisor, alongside existing long-term investors. The funding follows Ultraviolette's announcement of a new manufacturing facility with capacity to scale production up to 500,000 units annually. The capital will go toward scaling production of its current F77 and X-47 electric motorcycles and upcoming products Tesseract and Shockwave, alongside development of its next-generation global EV platforms, which build on the company's vertically integrated capabilities across battery technology, power electronics, vehicle architecture and software. Ultraviolette currently retails in India and 20 European countries and is targeting entry into the United States in 2027, alongside expansion into Latin America and Southeast Asia. The company has built technical capabilities spanning battery architectures from 48V to 400V, positioning it as one of the few global EV manufacturers with in-house technology across this range. Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette is backed by investors including Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors and Speciale Invest. It was the first Indian electric manufacturer to secure European certification for its motorcycles. "This funding round represents an important step in Ultraviolette's evolution into a global electric mobility company. This investment will enable us to scale manufacturing, accelerate the development of our future product platforms and deepen our presence across international markets," said Narayan Subramaniam and Niraj Rajmohan, Founders, Ultraviolette. Submit your email address to receive the latest updates on news & host of opportunities * Home * News * Electric Vehicles * EV Infrastructure * EV Charging Power Consumption May Reach 3,000 Million... EV Charging Power Consumption May Reach 3,000 Million units in FY27. Electricity consumption at public EV charging stations is estimated to reach 2,500-3,000 million units in FY27, driven by the expansion of charging infrastructure and growing fleet electrification. Electricity consumption at public EV charging stations in India could exceed 2,500-3,000 million units in FY27. According to Akshay Shekhar, Co-Founder and CEO of Kazam, the expansion of charging infrastructure and increasing electrification of vehicle fleets are expected to support continued growth in electricity demand. Power consumption at public charging stations has already increased from 465.85 million units in FY24 to 1,558.69 million units in FY26. Delhi share of public EV charging electricity consumption has declined, although its overall consumption has increased. The capital's share fell from 43.61% in FY24 to around 27.9% in FY26. During the same period, Delhi's public EV charging electricity consumption more than doubled from 203.1 million units to 453.3 million units. This indicates that EV charging demand is increasingly spreading beyond Delhi. Maharashtra, Karnataka, Telangana, Gujarat and Uttar Pradesh are playing an important role in driving EV charging demand. Karnataka and Telangana are witnessing higher consumption due to expanding charging networks and growing EV ecosystems. The increasing presence of EV startups, automakers, fleet operators and digitally aware consumers is also supporting charging demand. Uttar Pradesh is emerging as another key EV charging market, supported by strong adoption of e-rickshaws and electric three-wheelers, its proximity to the National Capital Region, logistics activity and the expansion of highway and intercity charging networks. Noida, Ghaziabad and Meerut are benefiting from commercial and logistics activity, while Agra, Mathura, Aligarh and Kanpur are contributing through tourism and intercity travel. The growth in charging consumption in FY27 will depend on the pace of charger deployment and fleet electrification. Meeting rising demand will require more than just installing chargers, with reliable power supply, smart load management, high charger uptime and interoperability also becoming increasingly important. States that combine these elements with continued charging network expansion could play a key role in the next phase of India's EV charging growth.