Ultraviolette Raises $85M for EV Expansion

Bengaluru-based electric vehicle maker Ultraviolette raised $85 million in a round led by Yali Capital and TDK Ventures, with participation from Lip-Bu Tan and existing investors. The company will scale manufacturing, develop next-generation EV platforms and expand internationally, planning to enter the US market in 2027 while growing across Latin America and Southeast Asia.