Ultraviolette’s partnership with TDK Ventures marks a new chapter in Global electric mobility

Ultraviolette, the pioneering electric vehicle manufacturer, has today unveiled a strategic investment from TDK Ventures, the corporate venture capital division of TDK Corporation (TSE: 6762). This significant collaboration marks a crucial step forward in Ultraviolette’s mission to produce high-performance, globally competitive electric vehicles that embody the essence of Indian innovation and engineering excellence.

TDK Ventures joins an esteemed consortium of institutional investors backing Ultraviolette, which includes Qualcomm Ventures, Zoho Corporation, Speciale Invest, Lingotto (formerly Exor Capital), and TVS Motor Company. The company has also attracted the support of prominent individual investors, including Sriharsha Majety, Co-founder and CEO of Swiggy; Ankit Nagori, Co-founder of Cure Foods and former Chief Business Officer of Flipkart; Aprameya Radhakrishna, Co-founder of TaxiForSure; and Dulquer Salmaan, the renowned actor and automotive enthusiast.

Founded with the vision of designing electric vehicles that merge futuristic aesthetics with cutting-edge engineering, Ultraviolette has raised the bar in the EV industry. After years of meticulous research and development, the company’s flagship motorcycle, the F77, has set new benchmarks in performance, safety, and technological sophistication. It is now recognised as one of the world’s most advanced electric two-wheelers. With this strong foundation in place, Ultraviolette is scaling up its manufacturing operations, accelerating research and development, expanding its distribution network, and preparing to introduce its groundbreaking products to global markets.

Commenting on the partnership, Narayan Subramaniam, CEO and Co-founder of Ultraviolette, stated, “Mobility is undergoing a radical transformation, and at Ultraviolette, we are leading that change through cutting-edge innovation. Our partnership with TDK Ventures fast-forwards our efforts, from advanced battery platforms to intelligent vehicle systems. This collaboration not only accelerates our vision of future-ready mobility but also reinforces our commitment to delivering electric vehicles that are aspirational and globally relevant.”

Niraj Rajmohan, CTO and Co-founder of Ultraviolette, also weighed in, saying, “Through this partnership with TDK Ventures, Ultraviolette will continue to innovate in deep-tech to shape the future of mobility. Together, we will continue to push the boundaries in building safer, smarter, and a more efficient electric mobility ecosystem.”

TDK Ventures, with its focus on supporting transformative startups, has made a commitment to advancing the sustainable energy, mobility, and technology sectors. The investment in Ultraviolette as part of its latest funding round reflects this commitment, positioning TDK Ventures at the forefront of India’s burgeoning electric two-wheeler revolution. The collaboration aims to accelerate the adoption of energy-efficient, performance-driven EVs that meet the needs of modern consumers worldwide.

Ravi Jain, Investment Director at TDK Ventures, expressed enthusiasm for the partnership, commenting, “We look forward to bringing our TDK Goodness to Ultraviolette and their ambitious plan to design the next generation of energy-efficient and performance EV 2W platforms. TDK Ventures is excited to support Ultraviolette in their relentless pursuit of growing their global reach.”

Earlier in 2023, TDK Ventures launched its Bengaluru Innovation Hub, a dedicated initiative aimed at empowering India’s exceptional entrepreneurs to scale their deep-tech innovations globally. This new venture will leverage TDK’s vast expertise in nurturing and scaling start-ups, enabling Ultraviolette to further its technological ambitions and solidify its position as a global leader in electric mobility.

With this partnership, Ultraviolette is poised for a new era of growth, driving forward its vision to revolutionise the future of electric mobility with cutting-edge solutions and world-class engineering. As the company continues to innovate, it remains committed to delivering sustainable, performance-oriented electric vehicles that cater to the demands of tomorrow’s global market.