Electric Motorcycle Company Ultraviolette Raises $21 Million in Funding Round Led by TDK Ventures

Electric motorcycle manufacturer Ultraviolette has announced the closure of a $21 million funding round, headlined by strategic investment from TDK Ventures, the corporate venture capital arm of Japanese technology giant TDK, as per the news reports.

The company said the new capital will underpin an ambitious scale‑up across manufacturing, research, and distribution, as it aims to bring its flagship performance‑oriented EVs to markets worldwide.

Strategic Investment and Broader Backing

In its official statement, Ultraviolette said: "The investment round of $21 million saw strategic participation from TDK Ventures and strong continued backing from existing investors Zoho Corporation and Lingotto (previously Exor Capital), among other leading institutional investors." 

Additional backers in the company include well‑known entrepreneurs and industry figures such as Sriharsha Majety, Ankit Nagori, Aprameya Radhakrishna, and actor Dulquer Salmaan. 

Highlighting the significance of the partnership, Ravi Jain, Investment Director at TDK Ventures, remarked: "We look forward to bringing our TDK Goodness to Ultraviolette and their ambitious plan to design the next generation of energy-efficient and performance EV 2W platforms."

Scaling Operations and Global Vision

According to Co‑founder and CEO Narayan Subramaniam, "Our partnership with TDK Ventures fast forwards our efforts, from advanced battery platforms to intelligent vehicle systems. This collaboration not only accelerates our vision of future-ready mobility but also reinforces our commitment to delivering electric vehicles that are aspirational and globally relevant." 

Ultraviolette is rapidly expanding its retail network across India, with plans to grow from 20 to over 100 cities, while also positioning its products in international markets. This push is supported by its focus on technology innovation, aided by TDK Ventures’ Bengaluru Innovation Hub launched in late 2023, which fosters deep‑tech entrepreneurship and global scaling capabilities.

Also Read: Rajiv Bajaj, MD of Bajaj Auto, Signals New Electric Vehicles and Powerful Bikes Ahead!

Conclusion

By securing new strategic investment from TDK Ventures alongside strong backing from existing and individual investors, Ultraviolette is poised to accelerate its growth trajectory in the competitive electric 2‑wheeler space. 

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