Ultraviolette Raises ₹3.7B Series C+ for Electric Motorcycle and Battery Platform

Ultraviolette Raises ₹3.7B Series C+ Round

Ultraviolette, the Indian electric vehicle platform and battery technology company, has raised ₹3.7 billion (INR 3,700,000,000) in a Series C+ funding round dated September 11, 2026. The round included participation from Yali Capital, TDK Ventures, Adi Hirji Jehangir, Anshumi Desai, Janak Desai, Mahak Khabia, and Zafar Ahmadullah. No single lead investor was disclosed for the round.

What Ultraviolette Does

Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette positions itself as an innovator in future-ready electric vehicle platforms and battery technology. The company develops performance-oriented electric motorcycles alongside mobility infrastructure for electric vehicles.

Its product lineup includes the F77 Mach 2, F77 SuperStreet, Tesseract, Shockwave, and a UV racing platform. The company operates in the two-wheeler EV space, where it competes with Oben Electric, Ola Electric, and Ather Energy.

Round Details

• Round type: Series C+
• Amount raised: ₹3.7 billion (INR 3,700,000,000)
• Funding date: September 11, 2026
• Lead investor: Not disclosed
• Participating investors: Yali Capital, TDK Ventures, Adi Hirji Jehangir, Anshumi Desai, Janak Desai, Mahak Khabia, Zafar Ahmadullah

Why This Matters for the EV Two-Wheeler Market

Ultraviolette operates at the intersection of two capital-intensive categories: performance electric motorcycles and battery technology. The company's stated focus on both vehicle platforms and EV mobility infrastructure suggests a vertically integrated approach rather than a pure vehicle assembly play.

The presence of TDK Ventures among the participating investors is notable given TDK's background in electronic components and energy materials. Yali Capital also participated in the round.

India's electric two-wheeler segment has become increasingly competitive, with established players such as Ola Electric and Ather Energy competing alongside newer entrants like Oben Electric. Ultraviolette's differentiation rests on performance-oriented motorcycles and its own battery technology development, rather than mass-market commuter scooters.

Acquisition and Strategic Context

A Series C+ round of this size signals continued investor appetite for Ultraviolette's platform and battery technology roadmap. For strategic acquirers and corporate development teams tracking the electric two-wheeler and EV battery space, Ultraviolette represents a target with:

• An established product portfolio spanning multiple motorcycle models and a racing platform
• In-house battery technology development
• EV mobility infrastructure assets
• A founding team in place since 2016

The company's competitive set — Oben Electric, Ola Electric, and Ather Energy — means any consolidation or partnership activity in the Indian EV two-wheeler market would likely involve overlapping investor and strategic interests.

Summary

Ultraviolette has closed a ₹3.7 billion Series C+ round with participation from Yali Capital, TDK Ventures, and several individual investors. The funding supports a company that builds performance electric motorcycles, battery technology, and EV mobility infrastructure, competing in India's two-wheeler EV market against Oben Electric, Ola Electric, and Ather Energy.