TDK Invests $21M in Ultraviolette to Take India-Made Electric Motorcycles Worldwide
TDK Invests $21M in Ultraviolette to Take India-Made Electric Motorcycles Worldwide
Indian electric motorcycle maker Ultraviolette is shifting into high gear after securing $21 million in an all-equity round led by TDK Ventures, the corporate arm of Japanese electronics giant TDK Corporation. Just two months after entering 10 European countries, the Bengaluru-based startup now plans to quadruple its European footprint, expand into Latin America and Southeast Asia, and grow its lineup to 14 models by early 2027.
Founded in 2016 by childhood friends Narayan Subramaniam and Niraj Rajmohan, Ultraviolette made its mark with high-performance electric motorcycles designed to rival 150cc–800cc petrol sports bikes. The company’s flagship F77 Mach 2 and its latest F77 SuperStreet offer ranges up to 186 miles, speeds of 96 mph, and advanced features like eSIM connectivity and predictive maintenance.
Ultraviolette’s strategy has been global from the start, with its branding and European certification in place before market entry. It now operates 20 stores in India, aiming for 100 by March 2026, while also scaling its production capacity from 30,000 to 300,000 units per year.
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The company has sold more than 3,000 bikes in India and projects sales of up to 10,000 units this year, targeting over $50 million in revenue. With backing from investors including Zoho Corporation, Lingotto, Qualcomm Ventures, and TVS Motor, Ultraviolette has raised around $75 million to date, and it’s aiming to make its electric bikes a global lifestyle statement.
