Ultraviolette Raises $85 Million in Round Led by Yali Capital, TDK Ventures

Ultraviolette has secured $85 million in a funding round led by Yali Capital and TDK Ventures, BW Disrupt reported.

The round ranks among the larger recent raises in India's electric two-wheeler segment. The participation of TDK Ventures — the corporate venture arm of Japanese electronics giant TDK — alongside investment firm Yali Capital signals where strategic capital is flowing in the EV supply chain.

The size of the round, $85 million, gives the Bengaluru-based electric motorcycle maker substantial firepower at a moment when competition in India's premium electric two-wheeler market is intensifying.

The involvement of a corporate investor rooted in electronics and battery components is a notable feature of the deal's structure. TDK's position in energy storage and electronic components gives the round a strategic dimension beyond pure financial backing.

Yali Capital's co-leadership of the round points to growing institutional interest in hardware-led mobility startups, a category that has historically struggled to attract capital at this scale in India.

The reported figure of $85 million places the round well above the typical seed and early-stage financing seen in the sector, indicating that Ultraviolette has moved into a later stage of commercial maturity in the eyes of its backers.

Neither the company's post-money valuation nor the intended use of proceeds was disclosed in the report, leaving open the question of how the capital will be deployed across manufacturing, distribution, or product development.

What the round does confirm is that institutional and corporate investors remain willing to write large cheques for Indian electric vehicle makers with a premium positioning, even as the broader funding environment for startups stays selective.

The entry of TDK Ventures into the cap table may also foreshadow deeper supply-chain ties, as corporate venture arms frequently pair equity stakes with component or technology partnerships.

For Ultraviolette, the immediate task is converting an $85 million vote of confidence into scaled production and sales in a market where electric two-wheeler adoption is accelerating but still concentrated at the budget end of the price spectrum.