Ultraviolette secures $85 million to fuel global EV expansion plans

Ultraviolette, India's homegrown electric two-wheeler maker, has closed an $85 million funding round as it prepares for a significant international push. The investment, led by Yali Capital and TDK Ventures, will support the company's ambitions to establish operations in the United States by 2027 while simultaneously expanding its footprint across Latin America and Southeast Asia.

The capital infusion represents a major milestone for the Bengaluru-based electric mobility startup, which has established itself as a leading player in India's rapidly growing EV two-wheeler segment. The funding underscores investor confidence in the company's technology platform and market positioning as global demand for sustainable transportation solutions accelerates.

With the fresh capital, Ultraviolette plans to ramp up manufacturing capacity to meet surging domestic demand while setting up the infrastructure necessary for international market entry. The company's planned US expansion reflects the growing global appetite for electric two-wheelers, particularly as regulators worldwide tighten emissions standards for vehicle manufacturers.

The move positions Ultraviolette among India's emerging clean-tech champions seeking to export homegrown innovation to global markets. Its expansion strategy aligns with broader trends of Indian companies scaling operations beyond domestic borders, leveraging manufacturing expertise and cost advantages to compete in developed markets.