TDK Ventures, the corporate venture capital subsidiary of Japanese electronics firm TDK, has invested in India-based electric motorcycle firm Ultraviolette as part of Ultraviolette’s latest funding round.
Ultraviolette’s technology includes a five-level battery safety system, a vehicle operating system and a vertically-integrated production facility scaling to 100,000 units. Its premium motorcycle model delivers up to 30 kW of peak power, 155 km/h (96 mph) top speeds and a range of up to 300 km (186 miles).
Ultraviolette’s software platform powers its electric motorcycles and scooters, potentially enabling energy transition for the entirety of the 20 million 2 W Indian market. Ultraviolette mid-premium motorcycles and scooters combine aspirational design, superior performance and advanced safety features.
The company has a presence in 20 Indian cities and has set a target to reach 100 cities by the end of 2025. It is the first Indian EV company to sell to the EU, commencing sales in 10 countries earlier this year, and is preparing to support other developed markets.
“TDK Ventures believes in empowering visionary companies that are driving the next wave of sustainable innovation,” said Nicolas Sauvage, TDK Ventures President. “Ultraviolette exemplifies this with their industry-leading engineering, vertical integration, and a bold vision to reimagine the future of motorcycling and mobility. We are excited to support their journey toward electrifying the world’s largest motorcycle markets.”
“We are thrilled to partner with TDK Ventures at this pivotal moment,” stated CEO Narayan Subramaniam. “Their deep expertise in energy solutions and electronics, along with our shared commitment to sustainable innovation, will play a critical role in helping Ultraviolette scale rapidly both in India and globally.”
Source: TDK Ventures
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