$85 million co-led by Yali Capital and TDK Ventures, with semiconductor veteran Lip-Bu Tan investing personally and joining as an advisor. Disclosed fundraising reaches $151 million since August 2025.
FY25 revenue was ₹32.3 crore against a ₹116.3 crore loss, with 547 vehicles registered. Planned capacity is up to 500,000 units a year.
Employee costs of ₹59 crore exceeded material costs of ₹33 crore in FY25, which is the expense profile of an engineering company rather than a volume manufacturer.
The investor list, TDK, Yali, Qualcomm Ventures and Tan, points at the battery and powertrain platform rather than the motorcycle brand as the thing being backed.
US entry in 2027 is the hardest part of the plan. LiveWire and Zero Motorcycles show how difficult premium electric motorcycles are in America, and Ultraviolette's European volumes have not yet pro…
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