TDK backs Ultraviolette with $21M to take India-made electric motorcycles global

Ultraviolette, an Indian electric motorcycle startup, has received a $21 million investment from the Japanese conglomerate TDK. This funding will enable Ultraviolette to expand its India-made electric motorcycles into global markets, primarily targeting 40 European countries, as well as Latin America and Southeast Asia. Ultraviolette's electric motorcycles are designed and manufactured in India, with a focus on performance and technology. The company aims to leverage TDK's expertise in electronics and battery technology to enhance its product offerings and meet the growing demand for eco-friendly transportation solutions worldwide. The investment from TDK is seen as a significant endorsement of Ultraviolette's potential and the rising global interest in electric vehicles. The partnership will also allow Ultraviolette to access TDK's global distribution channels and strengthen its position in the international electric motorcycle market. This strategic move by Ultraviolette aligns with the broader trend of Indian startups seeking to expand their reach beyond the domestic market and establish a global footprint, particularly in the rapidly evolving electric mobility sector.