Ultraviolette Secures $85 Million in Series E Funding Led by Yali and TDK Ventures
· Automobile · Moneycontrol
Bengaluru-based electric vehicle startup Ultraviolette has raised $85 million in its Series E funding round. The latest investment round was co-led by Yali and TDK Ventures, with participation from Lip-Bu Tan. The capital infusion will support the company's expansion plans and product development. Ultraviolette manufactures high-performance electric motorcycles in India. The company continues to attract strategic institutional investors as the electric mobility sector scales.
Why it matters
This significant capital injection accelerates Ultraviolette's production scale and market reach in the competitive Indian electric vehicle sector.
Read the original report — Moneycontrol
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