Ultraviolette raises $85M to scale EV production and target US entry in 2027
Indian electric two-wheeler maker Ultraviolette has raised $85 million from Yali Capital, TDK Ventures and other investors to develop new EV platforms, ramp manufacturing capacity toward 500,000 units annually and support international expansion. The company plans to launch its Tesseract scooter early next year.
What happened
Indian EV maker Ultraviolette raised $85 million from Yali Capital, TDK Ventures and others to scale production, develop new EV platforms and expand
Key facts
- $85 million
- 2027
- 500,000 units annually
- 20 countries
- 48V to 400V battery architectures
What changed
Indian EV maker Ultraviolette raised $85 million from Yali Capital, TDK Ventures and others to scale production, develop new EV platforms and expand internationally. It plans to launch Tesseract and Shockwave models, while targeting US entry in 2027.
Why this matters
Ultraviolette’s $85M raise signals a push to scale EV output and broaden its model lineup, strengthening its ability to supply retail partners ahead of international expansion.
What to watch
- Tesseract launch timing, booking volumes, delivery cadence and realized pricing.
- Quarterly production capacity additions and evidence that utilization is rising rather than merely planned.
- Gross-margin trajectory, battery costs, warranty claims and working-capital needs.
- Named US distribution, service, charging or retail partners ahead of 2027.
- Regulatory approvals and tariff developments affecting Indian-made electric two-wheelers in target export markets.