GENERAL23 Sept 2026
E-2W maker Ultraviolette raises $85 mn to scale production, expand presence
Bengaluru's Ultraviolette Automotive has raised $85 million, led by Yali Capital and TDK Ventures. The electric two-wheeler maker will use the money to scale production of its F77 and X-47 models and its upcoming Tesseract and Shockwave. It plans to enter the US in 2027. Overseas sales are about 15% of volumes now, and it expects that to reach 25%.
Key Statutory Highlights
- Ultraviolette Automotive has raised USD 85 million in a funding round led by Yali Capital and TDK Ventures.
- The Bengaluru-based company currently sells its products in India and 20 European countries, where international sales make up around 15 per cent of its volumes.
- The fresh capital will be used to scale manufacturing of its F77 and X-47 models and its upcoming Tesseract and Shockwave products.
Actionable Advice for Taxpayers / Founders:If you run an EV-related business, keep an eye on Ultraviolette's expansion for possible supplier or dealer opportunities, but wait for official company announcements before committing money or signing anything.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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