Ultraviolette Raises $85 Million to Scale Production and Enter the US in 2027

Bengaluru EV Maker Lands Its Biggest Round Yet

Ultraviolette, the Bengaluru-based electric two-wheeler maker, has raised $85 million in a round led by deep-tech fund Yali Capital and TDK Ventures. Lip-Bu Tan, chairman of Walden International and chief executive of Intel since 2025, has also invested and will join the company as an advisor, alongside its existing long-term backers.

The money arrives at a decisive moment for the company. Ultraviolette currently sells the F77 performance motorcycle and the X-47 Crossover in India and 20 European countries, and it is preparing its biggest product offensive yet: the Tesseract scooter, which has already collected more than 70,000 paid bookings, and the Shockwave enduro motorcycle.

A Rs 779 Crore Factory to Answer 70,000 Bookings

Fulfilling those orders is the immediate priority. The company has announced a Rs 779-crore manufacturing facility in Tamil Nadu with an initial annual capacity of 2.5 lakh vehicles, expandable to 5 lakh as demand grows. Co-founder Niraj Rajmohan has said the plant is expected to go live within six to eight months, with full-scale production planned for the July-September quarter of 2027.

Why the Tesseract Is the Real Test

Until now Ultraviolette has been a niche performance brand; the F77 made it the first Indian electric motorcycle maker to secure European certification, and the X-47 brought radar-based safety features to a production two-wheeler. The Tesseract moves the company into the volume scooter market, where buyers are less forgiving and competition from TVS, Bajaj, Ather, Ola and Honda is fierce. The firm claims in-house capability across battery architectures from 48V to 400V, which would let it serve everything from commuter scooters to performance motorcycles on shared technology.

What This Means for You

If you are among the 70,000-plus Tesseract booking holders, this round is effectively a capacity guarantee: your delivery now depends on a funded factory rather than a promise. For everyone else, watch the Tesseract's launch pricing early next year, because a vertically integrated, globally certified Indian brand entering the mass scooter segment should force incumbents to sharpen their own pricing. More electric two-wheeler coverage is on the AUTOINDIA newsroom, and you can line up the current electric scooters on the AUTOINDIA compare page.

(Sources: business-standard.com, auto.economictimes.indiatimes.com, timesofindia.indiatimes.com; image: Wikimedia Commons, CC BY-SA 4.0)