CosmicTaco

Ultraviolette Secures $21M Investment Boost

CosmicTaco · 2025-08-13T10:48:47.676832+05:30

- Ultraviolette Automotive raised $21 million, featuring strategic investment from TDK Ventures, the venture arm of TDK Corporation. - Existing backers such as Zoho Corporation and Lingotto also participated, as Ultraviolette expands its retail network to 100 Indian cities by FY26. - The company entered Europe with its F77 Mach 2 and SuperStreet models, expanding to ten countries including Germany and France. - Notable investors include Qualcomm Ventures and Swiggy's co-founder, focusing on innovative vehicle systems and battery platforms. - Amid growing EV adoption, Ultraviolette competes with Ola Electric as it scales manufacturing and increases revenue despite wider net losses. Source: [YourStory](https://yourstory.com/2025/08/funding-tdk-ventures-invests-21m-ultraviolette)

Ultraviolette Automotive raised $21 million, featuring strategic investment from TDK Ventures, the venture arm of TDK Corporation.
Existing backers such as Zoho Corporation and Lingotto also participated, as Ultraviolette expands its retail network to 100 Indian cities by FY26.
The company entered Europe with its F77 Mach 2 and SuperStreet models, expanding to ten countries including Germany and France.
Notable investors include Qualcomm Ventures and Swiggy's co-founder, focusing on innovative vehicle systems and battery platforms.
Amid growing EV adoption, Ultraviolette competes with Ola Electric as it scales manufacturing and increases revenue despite wider net losses.

Source: YourStory