Lip-Bu Tan, Chairman, Walden International has joined Ultraviolette as an advisor while investing in the company in his personal capacity
Ultraviolette has raised $85 million in a new round of funding led by Deep Tech Fund Yali Capital and TDK Ventures. In addition, Lip-Bu Tan, Chairman, Walden International has invested in the Bengaluru-based pure EV brand in his personal capacity while also coming on board as an Advisor to Ultraviolette. The company will use these funds in building its new manufacturing facility as it aims to scale the annual production up to 500,000 units. The brand is also targeting entry into the United States in 2027, alongside a broader expansion across key markets in Latin America and South-East Asia.
In the coming months, the company will accentuate its manufacturing capabilities while at the same time advancing the development of its next generation of electric vehicle platforms. The production of its current models namely F77 and X-47 as well as upcoming products such as the Tesseract and Shockwave will be scaled up to serve the rapidly growing domestic and international demand.
Lip-Bu Tan, Chairman of Walden International commented, “What I really like about Ultraviolette is the combination of deep engineering expertise, strong IP, and the willingness to take on genuinely difficult problems. They have built the technology from first principles and are focused on creating something that is truly differentiated for the long term.”
This investment will also support the development of Ultraviolette’s next generation of global EV platforms. These platforms will build upon the company’s vertically integrated capabilities across battery technology, power electronics, vehicle architecture and intelligent software. The brand is likely to start the deliveries of the highly-anticipated Tesseract electric scooter from Q1 2027 as it has faced multiple delays in the past.
Ultraviolette has built deep technical capabilities spanning battery architectures from 48V to 400V. This has enabled the company to develop electric mobility solutions across multiple vehicle segments and performance requirements. Ultraviolette is one of the only electric vehicle manufacturers globally with in-house technology capabilities spanning this range of battery architectures.
This breadth of expertise gives the company the ability to engineer platforms around the specific performance, range, and packaging requirements of different vehicle categories. Presently, Ultraviolette is the only mainstream brand to offer high-performance electric motorcycles in the Indian market. Besides India, the company retails 20 European countries.
