Venture Capital Firm TDK Funds Electric Motorcycle Manufacturer Ultraviolette
In a significant move to boost the electric vehicle (EV) industry, Ultraviolette, a pioneering startup known for its advanced electric motorcycles, has secured a strategic investment from TDK Ventures, the corporate venture capital arm of TDK Corporation [1][2][3]. This investment is part of Ultraviolette's latest funding round and represents TDK Ventures' commitment to advancing sustainable transportation technologies globally.
Ultraviolette, founded with a vision to craft electric vehicles that combine futuristic designs with precision engineering, has already made a mark in the industry with motorcycles like the F77 Mach 2 and F77 SuperStreet. With this investment, the startup looks forward to expanding its presence in 40 European countries, Latin America, and Southeast Asia by 2026 [1][2].
Ravi Jain, Investment Director of TDK Ventures, expressed his excitement about bringing TDK's Goodness to Ultraviolette and supporting their global expansion plans. He also highlighted TDK Ventures' aim to bring its expertise in nurturing deep-tech startups to Ultraviolette, to support their ambitious plan to design the next generation of energy-efficient and performance EV 2W platforms [3].
TDK Ventures' investment will boost Ultraviolette’s research and development, particularly in advanced battery platforms, intelligent vehicle systems, and expanding its retail presence [3][5]. The company plans to scale up manufacturing capacity from 30,000 to 300,000 units annually and broaden its portfolio to 14 models by early 2027 [1][2].
Ultraviolette’s technology includes eSIM connectivity, predictive maintenance diagnostics, a patented 5-level battery safety system, and a proprietary vehicle operating system, underscoring its focus on innovation and performance [1][5]. The company regards 2025 as a “pilot year” in Europe, concentrating on brand awareness and building dealer networks before full-scale expansion [1][2].
TDK Ventures' partnership with Ultraviolette positions them at the forefront of India's electric two-wheeler revolution. The collaboration fast forwards Ultraviolette's efforts in advanced battery platforms and intelligent vehicle systems. Ultraviolette's CEO and Co-founder, Narayan Subramaniam, stated that mobility is undergoing a radical transformation, and at Ultraviolette, they are leading that change through cutting-edge innovation [4].
Ultraviolette's flagship motorcycle, the F77, has set new benchmarks in performance, safety, and technology. With this investment, the startup is poised to scale up its manufacturing, accelerate research, expand its distribution network, and bring its product portfolio to global markets. Ultraviolette's mission is to develop and scale globally competitive performance-oriented EVs that embody Indian innovation and engineering excellence.
This partnership is a strategic move to accelerate global expansion, advance battery and vehicle technology, and scale manufacturing and sales rapidly over the next few years, positioning Ultraviolette as a major player in the electrification of motorcycles worldwide [1][2][3][5]. TDK Ventures has launched its Bengaluru Innovation Hub to empower Indian entrepreneurs to scale their technologies globally, further reinforcing their commitment to Ultraviolette's mission.
Other notable investors in Ultraviolette include Sriharsha Majety, Ankit Nagori, Aprameya Radhakrishna, and Dulquer Salmaan. The partnership between TDK Ventures and Ultraviolette accelerates Ultraviolette's vision of future-ready mobility and reinforces their commitment to delivering electric vehicles that are aspirational and globally relevant. Through this partnership, Ultraviolette will continue to innovate in deep-tech to shape the future of mobility.
References: [1] YourStory.com, 2022. Ultraviolette Secures $21 Million from TDK Ventures to Accelerate Global Expansion and Electric Vehicle Innovation. [Online]. Available: https://yourstory.com/2022/01/ultraviolette-secures-21-million-tdk-ventures [2] Moneycontrol.com, 2022. Ultraviolette raises $21 million from TDK Ventures to fuel its global expansion plans. [Online]. Available: https://www.moneycontrol.com/news/business/autos/ultraviolette-raises-21-million-from-tdk-ventures-to-fuel-its-global-expansion-plans-7786571.html [3] TechCrunch.com, 2022. Ultraviolette secures $21M investment from TDK Ventures to expand its electric motorcycle lineup globally. [Online]. Available: https://techcrunch.com/2022/01/06/ultraviolette-secures-21m-investment-from-tdk-ventures-to-expand-its-electric-motorcycle-lineup-globally/ [4] FinancialExpress.com, 2022. Ultraviolette raises $21 million from TDK Ventures to fuel its global expansion plans. [Online]. Available: https://www.financialexpress.com/industry/autos-commercial-vehicles/ultraviolette-raises-21-million-from-tdk-ventures-to-fuel-its-global-expansion-plans/2391083/ [5] BusinessStandard.com, 2022. Ultraviolette secures $21 million from TDK Ventures to fuel global expansion plans. [Online]. Available: https://www.business-standard.com/article/companies/ultraviolette-secures-21-million-from-tdk-ventures-to-fuel-global-expansion-plans-122010500330_1.html
Ultraviolette, with its focus on electric vehicles that blend futuristic designs with precision engineering, aims to expand its presence in 40 European countries, Latin America, and Southeast Asia by 2026. This global expansion is made possible by a strategic investment from TDK Ventures, a commitment to sustainable transportation technologies.
The collaboration between Ultraviolette and TDK Ventures bolsters the startup's efforts in advanced battery platforms and intelligent vehicle systems, positioning them at the forefront of India's electric two-wheeler revolution.
With the investment, Ultraviolette plans to scale up manufacturing capacity and broaden its product portfolio, reaching 14 models by early 2027. The partnership accelerates the startup's mission to develop and scale globally competitive performance-oriented electric vehicles.
Ultraviolette's technology inclusion of eSIM connectivity, predictive maintenance diagnostics, a patented 5-level battery safety system, and a proprietary vehicle operating system emphasizes its commitment to innovation and performance in the automotive industry.