{
  "id": 9306733,
  "title": "EV company Ultraviolette raises $85M in Series E led by deeptech fund Yali Capital",
  "url": "https://urgent.news/2026/09/23/ev-company-ultraviolette-raises-85m-in-series-e-led-by-deeptech-fund",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-23T08:05:25.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/09/ultraviolette-raises-85-million-series-e"
  },
  "original_language": "en",
  "account": "Electric two-wheeler manufacturer Ultraviolette has secured a substantial $85 million in funding for its Series E round, spearheaded by deeptech investment firm Yali Capital and TDK Ventures. LipBu Tan, Chairman of Walden International and Ultraviolette's advisor, along with the company's existing and long-term investors, participated in the investment round. The company intends to leverage the funds to expand its manufacturing capabilities, enhance its next-generation electric vehicle platforms, and expedite its international expansion.\n\nUltraviolette, a specialist in EV platforms and battery technology, aims to enter the United States by 2027 and broaden its presence across key markets in Latin America and South-East Asia. The capital raised will be allocated towards scaling production for the current models F77 and X-47, as well as upcoming models, Tesseract and Shockwave. Additionally, the funds will be directed towards the development of Ultraviolette's next generation of global EV platforms, building upon its vertically integrated expertise in battery technology, power electronics, vehicle architecture, and intelligent software.\n\nLip-Bu Tan, Chairman of Walden International, expressed his enthusiasm for Ultraviolette, praising the company's deep engineering expertise, strong intellectual property, and commitment to tackling difficult challenges. Tan highlighted the company's unique approach to building technology from first principles and its focus on creating long-term differentiation in the market. Ganapathy Subramaniam, Founding Managing Partner of Yali Capital, noted that the shift towards cleaner mobility in India will be driven by electric two-wheelers due to the segment's scale. Subramaniam commended Ultraviolette's extensive in-house engineering capabilities, particularly in battery, powertrain, software, and radar development, as well as its emphasis on addressing real rider needs, especially safety. TDK Ventures' Investment Director, Ravi Jain, emphasized that superior electric two-wheeler products powered by differentiated technology could accelerate the adoption of electric mobility. Jain expressed confidence in Ultraviolette's ability to catalyze this transition and develop winning products for global markets.",
  "summary": "Ultraviolette is targeting entry into the United States in 2027, along with a broader expansion across key markets in Latin America and South-East Asia, said the company in a press statement.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "e27",
        "title": "3cat raises US$4M Series A to take used-device retail model from Malaysia to the Philippines",
        "url": "https://urgent.news/2026/09/23/3cat-raises-us-4m-series-a-to-take-used-device-retail-model-from",
        "published": "2026-09-23T04:07:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}