Ultraviolette Raises $95 Million Series E to Triple Electric Motorcycle Capacity
Bengaluru-based electric motorcycle maker Ultraviolette raised $95 million in a Series E round to expand manufacturing capacity to 180,000 units a year and accelerate European exports.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $95 M |
| Stage | Series E |
| Headquarters | Bengaluru, India |
| Sector | Ultraviolette |
| Coverage | Startup Funding |
Electric motorcycle manufacturer Ultraviolette has raised $95 million in a Series E round led by an existing strategic investor, with participation from two sovereign-backed climate funds.
Deal Snapshot
What the Company Does
Ultraviolette builds performance electric motorcycles and the battery packs that power them, selling through a mix of company-owned experience centres and dealer partners across 41 Indian cities. Its export programme covers seven European markets.
Growth Metrics
Sector Context
India's electric two-wheeler market crossed a 9.4% penetration rate in June 2026. Premium electric motorcycles remain a small slice of that base, but the segment's gross margins — typically 22–28% — are materially better than mass-market scooters.
Why are investors backing premium EV two-wheelers?
Higher margins, exportability under EU homologation, and battery IP that can be licensed to fleet operators.
Why It Matters
Capacity expansion at this scale signals confidence that premium electric motorcycles can move from enthusiast niche to mainstream commuting, particularly as fast-charging corridors expand along national highways.
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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