In a significant 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 participation from existing backers, including Zoho Corporation and Lingotto (formerly Exor Capital).
Ultraviolette, the maker of the F77 electric motorcycle—the first Indian E2W to secure European certification and now sold in 10 countries across Europe—is expanding its retail network from 20 cities to over 100 in India.
The fresh investment will fuel the development of next-generation EV platforms, advanced battery technologies, and global market expansion. TDK Ventures joins a distinguished group of investors that includes Qualcomm Ventures, TVS Motor Company, Speciale Invest, and prominent individuals such as 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 of 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 at TDK Ventures, expressed enthusiasm for bringing the company’s “TDK Goodness” to support Ultraviolette’s ambitious global growth roadmap.
This investment follows the launch of TDK Ventures’ Bengaluru Innovation Hub in 2023, designed to help scale Indian deep-tech startups for international markets.
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