Ultraviolette Raises 85 Million Dollars, Sets Sights On A 2027 US Launch

Founded in 2016 by Subramaniam and Niraj Rajmohan, Ultraviolette builds electric vehicle platforms and battery technology in house, an approach the company says sets it apart from competitors who rely more heavily on third party components. Its battery architectures range from 48 volts up to 400 volts, giving it engineering flexibility to design platforms around the specific performance, range, thermal management, and packaging requirements of different vehicle categories rather than adapting a single battery format across every product. The company says this breadth of in house capability spanning multiple vehicle segments is uncommon among electric vehicle manufacturers globally.

The fresh capital will go toward scaling production of Ultraviolette's existing F77 and X‑47 electric motorcycles, alongside two upcoming products: the Tesseract, a mass market electric scooter, and the Shockwave, an enduro motorcycle. Yali Capital founding managing partner Ganapathy Subramaniam has indicated the Tesseract is targeted to launch early next year. The company will also direct funds toward its next generation of electric vehicle platforms, covering battery technology, power electronics, vehicle architecture, and onboard intelligent software.

The fundraise follows Ultraviolette's announcement of a new manufacturing facility rated for annual production capacity of up to 500,000 units, a scale that signals the company is positioning for demand well beyond its current footprint. Ultraviolette currently sells its motorcycles in India and 20 European countries, with international sales accounting for around 15 percent of overall volumes, a share the company expects to grow to roughly 25 percent as its global operations scale further.

Entering scooters through the Tesseract represents a deliberate broadening of Ultraviolette's customer base beyond the performance motorcycle riders who have defined the brand so far. Scooters typically serve a different set of buyers with different usage patterns, daily commuting rather than recreational or performance riding, giving Ultraviolette access to a larger and more price sensitive segment of the two wheeler market both in India and in the overseas markets it is targeting.

The planned 2027 entry into the United States marks Ultraviolette's most ambitious geographic expansion to date. Moving into the US, along with new markets across Latin America and Southeast Asia, will require investment well beyond manufacturing capacity, including regulatory approvals, distribution networks, servicing infrastructure, and customer support built out market by market. Managing that expansion alongside domestic product launches in India is likely to be one of the more demanding aspects of the company's next growth phase, particularly given how capital intensive building out service and distribution networks from scratch tends to be for vehicle manufacturers entering unfamiliar regulatory environments.

Ultraviolette's backers already include a notable mix of global and domestic names, among them Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors, and Speciale Invest. That roster, combined with the scale of the latest round, positions Ultraviolette among the better capitalized electric two wheeler startups coming out of India as the broader EV two wheeler category continues to draw investor interest across both domestic and export focused business models.