Indian electric two-wheeler start-up Ultraviolette has raised $21 million (about 18 million euros) in a fresh funding round aimed at accelerating research and development and expanding its international footprint, the company said on Wednesday.
TDK Ventures, the corporate venture-capital arm of Japanese components manufacturer TDK Corporation, joined the round as a key investor, alongside existing backers including Indian software firm Zoho Corporation and Exor-owned Lingotto.
“Our partnership with TDK Ventures fast forwards our efforts, from advanced battery platforms to intelligent vehicle systems,” Ultraviolette CEO and Co-founder Narayan Subramaniam said. “Through this partnership with TDK Ventures, Ultraviolette will continue to innovate in deep-tech to shape the future of mobility,” added CTO and Co-founder Niraj Rajmohan.
Ultraviolette, known for its high-performance sports bikes F77 Superstreet and F77 Mach 2, is planning to broaden its portfolio with new models at more accessible price points. The company confirmed the Shockwave enduro bike and Tesseract maxi-scooter for launches in the first and second quarters of 2026, respectively, and expects to offer a total of 14 EVs by 2028.
Currently active in 20 Indian cities, Ultraviolette intends to expand its retail presence domestically to over 100 locations. Its bikes are also available internationally in countries including Germany, France, the UK, Austria, Italy, Switzerland, Belgium, the Netherlands, Portugal, and Spain.