EV company Ultraviolette raises $85M in Series E led by deeptech fund Yali Capital

Electric two-wheeler manufacturer Ultraviolette has raised a funding of $85 million led by deeptech fund Yali Capital and TDK Ventures. LipBu Tan, Chairman of Walden International & Advisor to Ultraviolette, alongside Ultraviolette’s current and long-term investors, also invested in this round. The company plans to scale its manufacturing capabilities, advance the development of its next generation of electric vehicle platforms and accelerate its international expansion.