Ultraviolette raises $85m to scale EV production and target US entry in 2027
Yali Capital and TDK Ventures led the financing for motorcycle production, upcoming models and new international markets.
Ultraviolette raised $85 million in financing led by Yali Capital and TDK Ventures, with Lip-Bu Tan through Walden International and existing investors participating.
The company will scale F77 and X-47 motorcycle production and prepare the Tesseract scooter and Shockwave motorcycle. It also plans work on battery technology, power electronics, vehicle architecture and intelligent software.
Ultraviolette already sells in India and 20 European countries. It targets US entry in 2027 and expansion in Latin America and Southeast Asia.
Use of funds
Scale production of F77 and X-47 electric motorcycles and upcoming Tesseract scooter and Shockwave motorcycle
Develop next-generation EV platforms across battery technology, power electronics, vehicle architecture and intelligent software
Enter the US market and expand in Latin America and Southeast Asia