Ultraviolette Raises $85 Million: Fresh Funding To Power Next-Gen EV Platforms and 2027 US Entry

Ultraviolette Automotive has raised $85 million in a new funding round led by Yali Capital and TDK Ventures, with participation from Walden International chairman Lip-Bu Tan and the company's existing investors. Announced on 23 September 2026, the Bengaluru-based electric two-wheeler maker will use the capital to scale production of the F77, X-47 Crossover, and its upcoming Tesseract scooter and Shockwave enduro motorcycle, develop its next generation of electric vehicle platforms, and fund international expansion. Ultraviolette is targeting entry into the US market in 2027, alongside planned expansion across Latin America and Southeast Asia.

What the $85 Million Funding Round Covers

Ultraviolette announced the raise on 23 September 2026, describing it as a growth stage investment to support the company's next phase of expansion. The round was led by Yali Capital, a deep tech focused investment firm, and TDK Ventures, the venture arm of Japanese electronics group TDK.

Walden International chairman Lip-Bu Tan also invested in the round and is joining Ultraviolette as an advisor. The company's existing long-term investors participated too, though individual contribution amounts have not been disclosed.

The funds are earmarked for three broad areas: scaling production of the F77 and X-47 Crossover motorcycles along with the upcoming Tesseract scooter and Shockwave enduro motorcycle, developing next-generation EV platforms, and funding international expansion beyond Ultraviolette's current India and Europe footprint.

Funding Round at a Glance

Who's Behind the Investment

Yali Capital founding managing partner Ganapathy Subramaniam pointed to Ultraviolette's in-house engineering, spanning batteries, powertrains, software, and radar-based safety systems, as a factor behind the investment. He specifically referenced the development of the F77 and the radar-based safety technology used on the X-47.

TDK Ventures brings a strategic angle given TDK's own presence in battery and electronic component technology. Lip-Bu Tan's advisory role adds another layer, connecting Ultraviolette to Walden International's global investor network as it looks beyond India and Europe.

Also Read: Ultraviolette Delivers 183 X-47 'Skyforce' Electric Motorcycles to Kolkata Police

Next-Gen EV Platforms: What Ultraviolette Is Building

Part of the funding is earmarked for developing what Ultraviolette calls its next generation of global EV platforms. The company says these will build on its vertically integrated capabilities across battery technology, power electronics, vehicle architecture, and software.

Ultraviolette states that its technical capabilities span battery architectures from 48V to 400V, a range it plans to use for building platforms suited to different vehicle categories, with attention to performance, range, thermal management, and packaging.

US Market Entry Targeted for 2027

Ultraviolette currently sells the F77 and X-47 Crossover in India and 20 European countries. International sales account for around 15% of the company's overall volumes today, a share CTO and co-founder Niraj Rajmohan expects to rise toward 25% as global operations scale.

The company is targeting entry into the US market in 2027, its first move into North America, alongside planned expansion across Latin America and Southeast Asia. Ultraviolette has not disclosed a proposed US model lineup, pricing, or distribution structure at this stage, so these details remain unconfirmed.

This Funding Follows a ₹779 Crore Factory Investment

The $85 million raise comes less than two weeks after Ultraviolette announced a separate ₹779 crore investment in a new manufacturing facility, the BIGGA (Big Global Ambition) Factory, at SIPCOT Industrial Park in Hosur, Tamil Nadu.

That facility, announced on 10 September 2026, will produce the Tesseract scooter and support Ultraviolette's broader product portfolio. It is designed to ramp up to 2.5 lakh units annually in its first phase, with infrastructure built to scale toward 5 lakh units a year as demand grows.

The two announcements are separate financial events with different sources of capital, but both point in the same direction: Ultraviolette building out capacity and technology ahead of its international push.

What This Means for Ultraviolette's Roadmap

A few milestones worth watching over the next 12 to 18 months:

• Tesseract scooter launch: targeted for early 2027, per Yali Capital's statement accompanying the funding announcement
• Shockwave enduro motorcycle: still in the pipeline, with no confirmed launch date yet
• BIGGA Factory ramp-up: phase-one capacity of 2.5 lakh units expected between Q1 and Q2 of 2027
• US market entry: targeted for 2027, with no model, pricing, or distribution details confirmed so far

Must Visit: Ultraviolette Posts Record July Sales, Commits ₹ 779 Crore to New Tamil Nadu Plant

Evfy's Take

This raise lands in the middle of a busy year for capital flowing into India's electric two-wheeler makers. River Mobility closed a $120 million Series C round in August 2026, its first major round to include Indian institutional investors alongside existing global backers.

What stands out with Ultraviolette's round is the timing relative to its own manufacturing buildout. Announcing an $85 million raise barely two weeks after committing ₹779 crore to a new Tamil Nadu factory suggests a company sequencing its capital rather than waiting for one milestone to fund the next. Whether that pace holds up once the BIGGA Factory and the Tesseract launch both land in the same window around 2027 is worth watching.