Indian electric motorcycle manufacturer Ultraviolette is ramping up its international growth plans after securing $21 million in funding from TDK Corporation’s venture arm.
Expansion and Product Updates
- The company has already launched operations in 10 European countries and now aims to quadruple its presence by entering markets in Latin America and Southeast Asia.
- The success of its F77 Mach 2 and F77 SuperStreet models, introduced in 2024, forms the backbone of its global ambitions.
- Ultraviolette plans to increase annual production capacity from 30,000 to 300,000 units and expand its portfolio to 14 models by early 2027.
Technology and Innovation
- The bikes feature eSIM connectivity, predictive maintenance diagnostics, and advanced onboard technology.
- The company views 2025 as a “pilot year” in Europe, focusing on brand awareness and building a distribution network, with full-scale global expansion planned for subsequent years.
Funding and Future Plans
- To date, Ultraviolette has raised over $75 million, with notable investors including TVS Motor Company, Qualcomm Ventures, Exor Capital, and Zoho Corporation.
- The company aims to go public within the next 2–3 years, targeting $400–500 million through its IPO.
- Over the next four years, Ultraviolette plans to invest $100 million and achieve 100,000 annual global sales.
