Ultraviolette Raises $85 Million as Intel CEO Lip-Bu Tan Joins as Investor and Adviser
Bengaluru electric motorcycle maker Ultraviolette has raised $85 million led by Yali Capital and TDK Ventures, with Intel CEO Lip-Bu Tan investing and joining as an adviser ahead of a planned US entry in 2027.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $85 M |
| Lead investor | Yali Capital |
| Headquarters | Bengaluru, India |
| Sector | Ultraviolette |
| Coverage | Startup Funding |
Bengaluru-based electric motorcycle maker Ultraviolette has raised $85 million in a round led by deep-tech fund Yali Capital and TDK Ventures. Intel chief executive Lip-Bu Tan invested in the round and has joined the company as an adviser.
What the Money Is For
The raise follows the company's announced plan for a new manufacturing facility in Hosur, which it says will take capacity to up to 5 lakh units a year. Reuters had earlier reported a planned investment of about ₹779 crore in the plant.
Expansion Plans
Ultraviolette, which is backed by TVS Motor, currently sells in India and 20 European countries. It is targeting a US entry in 2027, alongside Latin America and Southeast Asia. Registrations have nearly tripled year-to-date compared with last year, according to national registration data cited by Reuters.
Questions Readers Ask
How much did Ultraviolette raise in September 2026?
$85 million, led by Yali Capital and TDK Ventures.
Who is Lip-Bu Tan's role at Ultraviolette?
The Intel CEO invested in the round and joined the company as an adviser.
When will Ultraviolette enter the US?
The company is targeting 2027.
Why It Matters
This was the largest Indian startup round of the week ended September 25 and accounted for most of the capital raised. It signals that global deep-tech investors are willing to fund Indian hardware makers that already have export traction.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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