Ultraviolette raises $85M Series E to fund global EV expansion
Indian electric two-wheeler maker Ultraviolette has raised $85 million in a Series E led by Yali Capital and TDK Ventures. The company plans to expand manufacturing, develop new EV platforms and enter the US in 2027, alongside growth in Latin America and Southeast Asia.
What happened
Indian electric two-wheeler maker Ultraviolette raised $85 million in a Series E led by Yali Capital and TDK Ventures to expand manufacturing, develop
Key facts
- $85 million
- Series E
- 2027
Why this matters
Ultraviolette’s expansion plans make it a potential partner for distributors, charging networks, mobility platforms and strategic investors seeking exposure to premium electric two-wheelers.
What to watch
- Announced annual production capacity, factory expansion timeline and delivery growth.
- New model/platform launches and disclosed battery range, pricing and margin targets.
- Named distributors, dealers or service partners in Latin America, Southeast Asia and the US.
- US regulatory certification progress, tariff exposure and final market-entry timing.
- Follow-on funding, strategic manufacturing partnerships or component-supply agreements involving TDK-linked ecosystem partners.
- Evidence that export sales and after-sales operations improve gross margin rather than increase warranty and logistics costs.
- Accelerate manufacturing-line investments and supplier contracts for higher production volumes.
- Launch or preview additional EV platforms aimed at export-market price points and regulations.
- Build distributor, dealer, service and spare-parts partnerships in selected Latin American and Southeast Asian cities.
- Begin US homologation, retail-format testing and brand-building ahead of the 2027 entry target.
- Use fresh funding to expand financing, leasing and fleet-sales offers that lower premium EV purchase barriers.