The investment comes as the Bengaluru-based EV maker scales production, develops next-generation electric platforms and prepares for global expansion, including a US entry in 2027.

Ultraviolette has announced a fresh $85 million funding round, led by deep-tech investment firm Yali Capital and TDK Ventures, with participation from existing and long-term investors. A notable addition to the round is Lip-Bu Tan, Chairman of Walden International and CEO of Intel, who has invested in the Bengaluru-based electric two-wheeler manufacturer and joined the company as an advisor.

Tan’s involvement adds significant technology and deep-tech expertise to Ultraviolette’s next phase of growth. Known for his extensive experience across the semiconductor and technology sectors, Tan has backed the company’s engineering-led approach and its focus on developing intellectual property in-house.

Commenting on the investment, Lip-Bu Tan, Chairman of Walden International, said Ultraviolette’s combination of deep engineering expertise, strong IP and willingness to address difficult technological challenges was among the factors that attracted him to the company. He also highlighted the company’s approach of developing its technology from first principles and its focus on creating differentiated products for the long term.

For Ultraviolette, the latest capital infusion comes at an important stage in its evolution. The company plans to use the funds to scale production of its existing F77 and X-47 Crossover electric motorcycles, while accelerating development and production of its upcoming products, including the Tesseract electric scooter and Shockwave enduro motorcycle.

The funding will also support the development of Ultraviolette’s next generation of global electric vehicle platforms. The company says these platforms will build on its vertically integrated technology capabilities spanning battery technology, power electronics, vehicle architecture and intelligent software.

The new investment follows Ultraviolette’s announcement of a manufacturing facility designed to scale annual production capacity to 500,000 units. The increased capacity is expected to support demand for its current and upcoming products as the company expands beyond its domestic market.

International expansion is a key part of Ultraviolette’s growth strategy. The company currently retails its products in India and 20 European countries, and is targeting an entry into the United States in 2027. It also plans to expand its presence across key markets in Latin America and Southeast Asia.

Ultraviolette has built its technology platform around a broad range of battery architectures, from 48V to 400V. According to the company, this capability allows it to engineer electric mobility solutions across different vehicle segments, with platforms tailored to specific requirements for performance, range, thermal management and packaging.

The company’s existing portfolio reflects this technology-focused approach. The F77 electric motorcycle combines performance-oriented engineering with connected technology, while the X-47 Crossover adds radar-based safety technology to the electric two-wheeler segment. The upcoming Tesseract is expected to extend Ultraviolette’s technology and design philosophy into the electric scooter category, while the Shockwave will take the company into the enduro motorcycle segment.

Yali Capital and TDK Ventures have also pointed to Ultraviolette’s in-house engineering capabilities as a key factor behind their investment. Yali Capital’s Founding Managing Partner Ganapathy Subramaniam highlighted the company’s work across batteries, powertrains, software and radar-based safety technology, while TDK Ventures said differentiated technology and superior products could help accelerate electric two-wheeler adoption.

For Ultraviolette founders Narayan Subramaniam and Niraj Rajmohan, the funding represents another step towards their ambition of building a global electric mobility company from India. With increased manufacturing capacity, new products in the pipeline and expansion into international markets, the company is now positioning its technology platform for a broader global role.

With Lip-Bu Tan joining as an investor and advisor, alongside fresh backing from Yali Capital and TDK Ventures, Ultraviolette enters its next phase with its focus firmly on scaling production, expanding its product portfolio and developing electric vehicle platforms designed for global markets.