Electric motorcycle maker Ultraviolette raises $21 mn in funding round
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Finance
Premium electric motorcycle manufacturer Ultraviolette on Tuesday said it has secured USD 21-million in a funding round with strategic investment from deep tech investor TDK Ventures.
TDK Ventures is the corporate venture capital arm of Japanese firm TDK.
“The investment round of USD 21-million saw strategic participation from TDK Ventures and strong continued backing from existing investors Zoho Corporation and Lingotto (previously Exor Capital) among other leading institutional investors,” Ultraviolette said in a statement.
Other investors in Ultraviolette include Sriharsha Majety (co-founder & CEO, Swiggy), Ankit Nagori (co-founder, Cure Foods; former Chief Business Officer, Flipkart), Aprameya Radhakrishna (Co-founder, TaxiForSure), and actor Dulquer Salmaan, the company said.
The partnership with TDK Ventures represents a pivotal step in Ultraviolette’s mission to develop and scale globally competitive performance-oriented EVs, it stated.
“We look forward to bringing our TDK
TDK Ventures is the corporate venture capital arm of Japanese firm TDK.
“The investment round of USD 21-million saw strategic participation from TDK Ventures and strong continued backing from existing investors Zoho Corporation and Lingotto (previously Exor Capital) among other leading institutional investors,” Ultraviolette said in a statement.
Other investors in Ultraviolette include Sriharsha Majety (co-founder & CEO, Swiggy), Ankit Nagori (co-founder, Cure Foods; former Chief Business Officer, Flipkart), Aprameya Radhakrishna (Co-founder, TaxiForSure), and actor Dulquer Salmaan, the company said.
The partnership with TDK Ventures represents a pivotal step in Ultraviolette’s mission to develop and scale globally competitive performance-oriented EVs, it stated.
“We look forward to bringing our TDK
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