Ultraviolette Automotive, a Bengaluru-based electric motorcycle manufacturer, has raised $21 million in an all-equity round led by TDK Ventures, the corporate venture arm of Japanese electronics giant TDK Corporation. Existing backers Zoho Corporation and Lingotto (formerly Exor Capital) also participated.
Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette is known for its high-performance electric bikes, including the F77 Mach 2 and F77 SuperStreet, designed to compete with 150cc–800cc petrol sports bikes. The startup has sold over 3,000 units in India and projects sales of up to 10,000 motorcycles this year, targeting $50M+ revenue.
Scaling production and market reach
The new funding will support:
- Expanding European dealer network (currently 40 dealers) fourfold
- Launching in Latin America and Southeast Asia in 2026, with plans for US and Japan entry
- Growing the product portfolio to 14 models by early 2027
- Increasing manufacturing capacity from 30,000 to 300,000 units annually
Ultraviolette’s lineup also includes the Tesseract scooter, equipped with radar and cameras for assisted driving, and features like eSIM connectivity and predictive maintenance diagnostics.
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Designing for global appeal
From inception, the company aimed for international markets, securing European certification for all vehicles before launch. The brand name — “Ultraviolette” — was chosen for its recognisable pronunciation in 30+ European languages and association with cutting-edge design.
“We’re focused on segments that are universal in nature, not just India-specific,” said Rajmohan. “Our mission is to make electric motorcycles exciting, aspirational, and globally competitive.”
Ultraviolette has raised about $75M to date, with investors including Qualcomm Ventures, Exor, and TVS Motor.
