Ultraviolette Automotive, Bengaluru-based electric vehicle (EV) maker has raised $21 million in a fresh funding round led by TDK Ventures, the corporate venture capital arm of Japan’s TDK Corporation. The new capital will fuel the startup’s global expansion, manufacturing scale-up, and deep-tech innovation in electric mobility.
Key Highlights of the Funding Round
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Lead Investor: TDK Ventures (Japan-based corporate VC of TDK Corporation)
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Participation from Existing Investors:
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Zoho Corporation
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Lingotto (formerly Exor Capital)
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Other Institutional & Angel Backers:
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TVS Motor Company
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Qualcomm Ventures
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Speciale Invest
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Sriharsha Majety (Co-founder & CEO, Swiggy)
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Ankit Nagori (Co-founder, Cure Foods; ex-Flipkart)
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Aprameya Radhakrishna (Co-founder, TaxiForSure)
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Dulquer Salmaan (Actor & automotive enthusiast)
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Ultraviolette’s Growth Strategy
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Retail Expansion:
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Currently present in 20 Indian cities
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Plans to scale up to 100+ cities nationwide
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Global Reach:
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Flagship F77 motorcycle is the first Indian electric two-wheeler to receive European certification
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Now available across 10 European countries
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Manufacturing & R&D:
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Scaling up manufacturing facilities to meet growing demand
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Investing in advanced battery platforms and intelligent vehicle systems
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Product Roadmap:
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Focus on building globally aspirational EVs
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Expanding product portfolio for international markets
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Leadership Insights
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Narayan Subramaniam, CEO & Co-founder, Ultraviolette
“Mobility is undergoing a radical transformation, and at Ultraviolette, we are leading that change through cutting-edge innovation. Our partnership with TDK Ventures accelerates our vision of delivering aspirational and globally relevant electric vehicles.”
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Niraj Rajmohan, CTO & Co-founder, Ultraviolette
“Through this partnership, Ultraviolette will continue to push boundaries in building safer, smarter, and more efficient electric mobility ecosystems.”
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Ravi Jain, Investment Director, TDK Ventures
“We look forward to supporting Ultraviolette in designing the next generation of energy-efficient and performance EV platforms, extending their global reach.”
Why This Matters for India’s EV Ecosystem
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Strengthens India’s position in the global EV market
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Attracts strategic deep-tech investors into Indian startups
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Boosts manufacturing capabilities and job creation
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Enhances India’s credibility with European certification and exports
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Encourages a sustainable, high-performance mobility revolution
About TDK Ventures in India
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Launched the Bengaluru Innovation Hub in 2023
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Mission: Empower Indian entrepreneurs to scale globally
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Expertise: Backing deep-tech and sustainable mobility startups
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Ultraviolette is one of its flagship investments in India
✅ With this funding, Ultraviolette is not just building electric bikes—it’s driving the next chapter of India’s electric mobility revolution.
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