Indian electric two-wheeler maker Ultraviolette Automotive founded by Narayan Subramaniam and Niraj Rajmohan has raised $85 million, approximately €74 million, in fresh funding, giving the Bengaluru-based company more capital to expand production, develop its next generation of electric vehicle platforms and push deeper into international markets, including the United States.
The funding round was led by Yali Capital and TDK Ventures, with participation from Lip-Bu Tan, chairman of Walden International and CEO of Intel, along with Ultraviolette’s existing and long-term investors. Tan’s involvement goes beyond the investment. He has also joined Ultraviolette as an advisor.
For Ultraviolette, the fresh capital arrives at a point when the company’s ambitions are moving beyond a single electric motorcycle platform.
The money will be used to expand production of the F77 and X-47, while preparing for the upcoming Tesseract scooter and Shockwave enduro motorcycle. Ultraviolette also intends to invest in developing new-generation EV platforms designed for global markets.
From Bengaluru production to a much larger Hosur bet
One of the more significant pieces of Ultraviolette’s expansion plan lies outside its current Bengaluru manufacturing base.
The company currently produces the F77 and X-47 at a Bengaluru facility with an annual capacity of 30,000 units. It plans to increase that facility’s capacity to 50,000 units.
The bigger step, however, is a planned manufacturing facility in Hosur, Tamil Nadu, designed initially for annual production of 250,000 units. Ultraviolette expects the plant to be scalable to as many as 500,000 units a year if demand requires it.
That manufacturing roadmap gives added context to the $85 million raise. The funding is not limited to introducing new models. Ultraviolette is simultaneously preparing for a considerably larger production footprint and a wider geographic market.
Lip-Bu Tan joins Ultraviolette as advisor
Tan’s participation adds another dimension to the round.
In explaining his interest in Ultraviolette, he highlighted the company’s engineering capabilities, intellectual property and its approach to developing technology from first principles. He also pointed to its focus on solving difficult engineering problems and creating differentiated technology for the long term.
His decision to take an advisory role alongside the investment gives Ultraviolette an additional strategic relationship as the company works on its international expansion.
U.S. launch planned for 2027
Ultraviolette is also preparing for its next major geographic expansion.
After building a presence across 20 European markets over the past two years, the company plans to begin operations in the United States in 2027. It also has expansion plans for Latin America and Southeast Asia.
The U.S. move would extend an international strategy that has accelerated considerably since Ultraviolette first began delivering vehicles in India.
Deliveries of the F77 started in the domestic market in early 2023, followed by the X-47 in late 2025. The company plans to begin sales of the Tesseract in early 2027, while the Shockwave is expected to follow afterwards.
Together, those products give Ultraviolette a portfolio spanning electric motorcycles, a scooter and an enduro-style motorcycle, while its manufacturing plans suggest it is preparing for volumes substantially higher than its existing capacity.
The latest funding therefore arrives at a particularly important stage for the company. Ultraviolette is trying to execute several moves at once: increase production of existing models, bring new vehicles to market, develop future EV platforms, build a much larger manufacturing base and establish itself in additional international markets.
Its planned 2027 U.S. entry, combined with a Hosur facility that could eventually reach half a million units of annual capacity, shows the scale at which the company is now planning its next phase.
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