TDK Ventures invests in Ultraviolette to accelerate electric mobility in India

The Japanese group TDK’s venture capital fund supports Ultraviolette, an Indian electric motorcycle manufacturer, to help it scale up in a domestic market estimated at over $50 billion within ten years.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

TDK Ventures, the venture capital subsidiary of TDK Corporation, has announced an investment in Ultraviolette Automotive Pvt Ltd, an electric motorcycle manufacturer based in Bangalore. The operation is part of Ultraviolette’s latest funding round and aims to boost its production capacity and commercial expansion, both in India and internationally.

A market with strong growth potential

India accounts for nearly 40% of the global two-wheeler market, or around 20 million units per year, according to industry data. Electric motorcycles currently have a penetration rate below 0.1%, despite the rapid adoption of electric scooters, which reached 18% in just four years. The electric two-wheeler segment is expected to generate an economic opportunity of more than $50 billion by the end of the decade.

Ultraviolette offers a range of mid-premium electric motorcycles and scooters designed to meet the growing demand for alternatives to internal combustion engines. Its flagship models, including the F77 MACH 2 and F77 SuperStreet, have received multiple industry awards. Two upcoming vehicles — the Tesseract scooter and the Shockwave light motorcycle — have already secured over 70,000 paid pre-orders, representing a combined value of more than $120 million.

Technological capabilities and international ambitions

Ultraviolette’s technology is built on a proprietary platform that integrates a vehicle operating system, a five-level battery safety system, and a vertically integrated production line capable of reaching a capacity of 100,000 units. The F99 Factory Racing Platform holds the speed record for an India-designed motorcycle, clocking a peak of 258 km/h.

The company currently distributes its products in 20 Indian cities and aims to cover 100 cities by year-end. In parallel, Ultraviolette has started sales in 10 European countries, becoming the first Indian electric vehicle manufacturer to enter the European Union market.

TDK’s strategic technological support

TDK Ventures’ investment aligns with the group’s strategic priorities in electric mobility, the Internet of Things (IoT), and renewable energy. The Japanese company anticipates synergies in advanced battery technology, power electronics, sensors, and rider-assistance systems. In 2023, TDK Ventures opened an innovation hub in Bangalore to support India’s tech ecosystem.

Ultraviolette’s co-founders, Narayan Subramaniam and Niraj Rajmohan, lead the company with expertise drawn from the aerospace, consumer electronics, and automotive sectors, with previous experience at Tesla, Rivian, Apple, Samsung, and Honeywell.

Stellantis CEO Antonio Filosa calls for adjustments to the 2035 deadline to safeguard industrial activity and accelerate decarbonisation through flexibility mechanisms.
Faced with falling margins and overcapacity, Beijing is restructuring its electric vehicle industry by focusing on quality, standards, and technological upgrading.
An American-built electric aircraft completed a test flight between Stavanger and Bergen, marking a key step in integrating zero-emission air cargo operations into Norwegian airspace.
The visit marks a new step in the cooperation between the United Arab Emirates and Tellus Power, aiming to establish an EV charging station production unit in the Gulf.
Toyota launches production of its first electric vehicle in Europe at its Kolin plant in the Czech Republic, supported by a €680mn investment, including €64mn in public funding.
The Canadian government invests CAD22.7mn ($16.7mn) in eight projects to strengthen the electric vehicle charging network in British Columbia.
Ireland presents an SAF roadmap structured around four pillars, projecting 88,000 tons in 2030 and 318,000 tons in 2035, aligned with ReFuelEU and European support, while Aer Lingus and Ryanair set usage targets.
Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.
U Power announces the signing of a letter of intent to supply 300 battery-swapping compatible electric vehicles in partnership with a Hong Kong-based technology manufacturer, marking a major milestone for intelligent commercial mobility.
According to Ember, only 3% of India’s wind and solar targets for 2032 would be sufficient to cover the entire electric vehicle charging demand, provided appropriate measures are taken for grid management and charging infrastructure.
TotalEnergies holds 23% of the high-power charging market on French motorways, according to data published by Gireve, with more than 1,800 active points across 265 service stations.
The British government is mobilising USD845mn to subsidise electric-car purchases, easing pressure on an industry hit by US tariffs and preparing for the 2030 ban on internal-combustion engines.
Octopus Energy’s Electroverse platform surpasses one million public electric vehicle charging points, strengthening its international presence with a subscription-free model available in 40 countries through a single payment card.
Belgian marine constructor DEME floated its second giant wind-turbine installation vessel, Norse Energi, at China’s CIMC Raffles yard, a key step in an investment programme aimed at meeting growing offshore lifting demand.
The Northern Sea Route attracts businesses due to its logistical speed but presents significant technological challenges for the naval industry, especially in designing vessels adapted to extreme Arctic conditions.
The U.S. Department of Transportation is withdrawing strict fuel economy standards adopted under Biden, citing overreach in legal authority regarding the integration of electric vehicles into regulatory calculations for automakers.
The Indian Renewable Energy Development Agency is pursuing Gensol for a total default of over Rs 7.28 billion ($90.91mn), now targeting its electric vehicle leasing business.
The International Energy Agency expects electric vehicles to cut oil demand by 5 million barrels per day by 2030, down from a previous estimate of 6 million, citing economic and trade uncertainties.
Adani Enterprises has launched a hydrogen-powered truck at a public mine in Chhattisgarh, marking a first in India for heavy transport in the mining sector.
Shipbuilder Incat has unveiled a 130-metre electric catamaran designed for Buquebus, intended to connect Montevideo to Buenos Aires with a capacity of 2,100 passengers.

Log in to read this article

You'll also have access to a selection of our best content.