TechnologyUltraviolette reportedly raises $85 million in Series E funding
Inc42 reports that Yali Capital and TDK Ventures co-led the round. The electric two-wheeler startup plans to expand manufacturing and distribution and enter markets including the US, Latin America and Southeast Asia.
TLDR
Inc42 reports that Ultraviolette Automotive raised $85 million (₹813 crore) in a Series E round co-led by Yali Capital and TDK Ventures, with Intel CEO Lip-Bu Tan among the participating investors. The startup plans to use the funding to expand manufacturing capacity, strengthen distribution and enter new markets, including the US, Latin America and Southeast Asia. Inc42 also says Ultraviolette is preparing to begin production of its Tesseract electric scooter and Shockwave electric motorcycle.
