News Summary

Indian electric motorcycle startup Ultraviolette has secured $21 million in a funding round led by TDK Corporation to accelerate its international expansion. The startup, founded by Narayan Subramaniam and Niraj Rajmohan, aims to expand its presence in Europe, Latin America, Southeast Asia, and eventually the U.S. and Japan. Ultraviolette plans to increase its product line to 14 models by 2027 and expand its Bengaluru production facility to enhance its manufacturing capacity. The funding also saw participation from existing investors such as Zoho Corporation and Lingotto. Ultraviolette has sold over 3,000 motorcycles in India and aims for $50 million in revenue by the end of the financial year.