Ultraviolette Raises USD 21 Mn Investment From TDK Ventures, Aiming Faster Growth

Ultraviolette, today, announced a strategic investment from TDK Ventures, the corporate venture capital arm of TDK Corporation (TSE: 6762). This partnership represents a pivotal step in Ultraviolette's mission to develop and scale globally competitive performance-oriented EVs, which embodies Indian innovation and engineering excellence.

TDK Ventures now joins Ultraviolette's distinguished group of institutional investors, which includes Qualcomm Ventures, Zoho Corporation, Speciale Invest, Lingotto (Previously Exor

Capital), and TVS Motor Company. Other notable investors in Ultraviolette include Sriharsha Majety (Co-founder & CEO, Swiggy), Ankit Nagori (Co-founder, Cure Foods; former Chief Business Officer, Flipkart), Aprameya Radhakrishna (Co-founder, TaxiForSure), and Dulquer Salmaan (renowned actor and automotive enthusiast).

Ultraviolette was founded with a vision to craft electric vehicles that combine futuristic designs with precision engineering. Following years of rigorous R&D, Ultraviolette's flagship motorcycle- the F77, has set new benchmarks in performance, safety, and technology, establishing itself as one of the world's most advanced electric two-wheelers today. With a well-established foundation, Ultraviolette is now scaling up manufacturing, accelerating research, expanding its distribution network, and bringing its product portfolio to global markets of the world.

"Mobility is undergoing a radical transformation, and at Ultraviolette, we are leading that change through cutting-edge innovation. Our partnership with TDK Ventures fast forwards our efforts, from advanced battery platforms to intelligent vehicle systems. This collaboration not only accelerates our vision of future ready mobility but also reinforces our commitment to delivering electric vehicles that are aspirational and globally relevant", stated Narayan Subramaniam, CEO and Co-founder of Ultraviolette.

Niraj Rajmohan, CTO and Co-founder of Ultraviolette, commented, "Through this partnership with TDK Ventures, Ultraviolette will continue to innovate in deep-tech to shape the future of mobility. Together, we will continue to push the boundaries in building safer, smarter, and a more efficient electric mobility eco-system."

TDK Ventures is committed to supporting disruptive startups that are driving scalable solutions in energy, mobility, and sustainability - key sectors that are shaping the future of global economy. Its investment, as part of Ultraviolette's latest funding round represents TDK Ventures' commitment to advancing sustainable transportation technologies around the globe. This strategic investment positions TDK Ventures at the forefront of India's electric two-wheeler revolution.

Ravi Jain, Investment Director of TDK Ventures, commented, "We look forward to bringing our TDK Goodness to Ultraviolette and their ambitious plan to design the next generation of energy efficient and performance EV 2W platforms. TDK Ventures is excited to support Ultraviolette in their relentless pursuit of growing their global reach."

In late 2023, TDK Ventures launched its Bengaluru Innovation Hub to empower India's exceptional entrepreneurs to scale their technologies globally by leveraging its expertise in nurturing deep-tech startups around the world.