In a major boost to India’s performance electric two-wheeler (E2W) sector, TDK Ventures, the corporate venture capital arm of TDK Corporation, has invested in Ultraviolette Automotive as part of a $21 million funding round. The round also saw continued backing from existing investors including Zoho Corporation and Lingotto (formerly Exor Capital).
Ultraviolette, known for its flagship F77 electric motorcycle — the first Indian E2W to receive European certification and now sold in 10 countries across Europe — is expanding its retail footprint from 20 cities to over 100 across India.
The investment will accelerate next-generation EV platform development, advanced battery innovation, and global market expansion. TDK Ventures joins an elite investor pool including Qualcomm Ventures, TVS Motor Company, Speciale Invest, and high-profile individuals like Sriharsha Majety (Swiggy), Ankit Nagori (Cure Foods), Aprameya Radhakrishna (TaxiForSure), and actor Dulquer Salmaan.
“Mobility is undergoing a radical transformation, and our partnership with TDK Ventures fast forwards our efforts — from advanced battery platforms to intelligent vehicle systems,” said Narayan Subramaniam, CEO and Co-founder, Ultraviolette.
Niraj Rajmohan, CTO and Co-founder, added that the collaboration will push deep-tech boundaries to create “safer, smarter, and more efficient” electric mobility ecosystems.
Ravi Jain, Investment Director, TDK Ventures, said the company is excited to bring its “TDK Goodness” to support Ultraviolette’s ambitious global growth plans.
The investment follows TDK Ventures’ launch of its Bengaluru Innovation Hub in 2023, aimed at scaling Indian deep-tech startups to international markets.
