TDK backs Ultraviolette with $21M to take India-made electric motorcycles global
Two months ago, Indian electric motorcycle startup Ultraviolette expanded into 10 European countries. Now, fueled with $21 million in an all-equity round led by the corporate venture arm of Japanese electronics giant TDK Corporation, Ultraviolette is putting its expansion plans into overdrive. The nine-year-old startup plans to grow its European footprint fourfold, enter other motorcycle-driven markets such as Latin America and Southeast Asia, and increase its portfolio to 14 models by early 20