Japan's TDK Ventures invests in Ultraviolette to scale up global EV two-wheeler market
Ultraviolette
has secured a strategic investment from Japanese deep-tech investor
TDK Ventures
as part of a $21 million funding round. Existing backers Zoho Corporation and Lingotto (formerly Exor Capital) also participated.
The partnership will focus on accelerating the development of next-generation electric mobility platforms and advancing battery technologies. Ultraviolette, whose flagship F77 is the first Indian electric two-wheeler to receive European certification, plans to expand its retail presence from 20 to over 100 cities in India, alongside sales in 10 European countries. TDK Ventures' Bengaluru Innovation Hub will support Ultraviolette in bringing deep-tech innovations to international markets.
'Mobility is undergoing a radical transformation, and our collaboration with TDK Ventures fast forwards our efforts, from advanced battery platforms to intelligent vehicle systems,' said Narayan Subramaniam, CEO and Co-founder of Ultraviolette.
To meet rising demand, the company is scaling up manufacturing, expanding R&D, and strengthening its global distribution network.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
21 minutes ago
- Economic Times
Shopkeepers should put up boards promoting swadeshi: PM Modi
Prime Minister Narendra Modi appealed to shopkeepers and traders to promote 'swadeshi' by displaying signs indicating the sale of Indian products. Addressing the nation on Independence Day, Modi emphasized that India should embrace indigenous goods as a source of strength, not out of obligation. He urged citizens to take pride in 'swadeshi' and actively adopt it. Tired of too many ads? Remove Ads Prime Minister Narendra Modi on Friday urged shopkeepers and traders to put up boards outside their shops declaring that they sell only Indian products Promoting the use of 'swadeshi', products made in India, the prime minister said India should use indigenous goods not out of compulsion, but as its his address to the nation on Independence Day from the ramparts of the Red Fort, Modi pushed for a self-reliant India "I want to appeal to every trader and shopkeeper, it is your responsibility as well... I want shopkeepers and traders to come forward, write outside their shops reading, 'yahan swadeshi maal bikta hai (indigenous products are sold here)'," Modi said."We should be proud of swadeshi, we should adopt swadeshi not due to compulsion, but as our strength," he said.
Hindustan Times
21 minutes ago
- Hindustan Times
PM Narendra Modi vows to protect farmers amid trade tensions
Prime Minister Narendra Modi pushed for greater self-reliance, local manufacturing of everything, from fertilisers to EV batteries, and pledged to protect farmers amid trade tensions with the US, delivering his 13th straight Independence Day address on Friday. A large majority of Indian agriculturists are small land-owners, tending to tiny parcels of farmland. (PTI photo) 'Farmers, fishermen, cattle rearers are our top priorities', Modi said in his customary address at the Red Fort in New Delhi, soon after hoisting the Tricolour under a cloudy, monsoon sky in New Delhi. 'Modi will stand like a wall against any policy that threatens their interests. India will never compromise when it comes to protecting the interests of our farmers,' he said. India will never compromise the interests of its farmers because agriculturists of the country have made the country self-sufficient, Modi said in a sweeping speech, underscoring the fifth-largest economy's stand on not opening up the farm sector during the US-India trade talks. Also Read: Modi outlines vision centered around self-reliance, defence, pledges simpler GST The PM said the country needed to achieve self-sufficiency in energy, critical minerals, technology and weaponry, underscoring the need to build high quality goods even as 'economic selfishness rises by the day'. Linking local production with national pride, Modi said, 'The yardstick of a nation to measure its self-esteem is to see to what extent it is self-reliant,' Modi said. 'Everybody knows that after we gained freedom, feeding millions was a great challenge. It was my farmers who toiled to fill our silos with grains. Modi stands like a wall, won't compromise on farmers.' A large majority of Indian agriculturists are small land-owners, tending to tiny parcels of farmland. The farm sector supports nearly half of the nation's population and agriculture accounts for nearly 18% of India's GDP, which explains the country's continued protectionism. The focus on the economy comes against the backdrop of US President Donald Trump's decision to impose a 50% tariff rate on India, much higher than its neighbours and peers, which disadvantages exports and could hurt nearly one per cent of the nation's gross domestic product, according to some analysts. 'The need of the hour is to take a resolve for building a strong India ... I want our traders, shopkeepers to display boards for swadeshi (India-made) products,' Modi said. Modi said that agriculture remains the cornerstone of India's development, with the country being no. 1 in milk, pulses and jute production, and no 2 in rice, wheat, cotton, fruits and vegetables. Farm exports have crossed ₹4 lakh crore, reflecting the nation's global competitiveness, he said adding, to further empower farmers, the government launched the PM Dhanya Dhanya Krishi Yojana for 100 backward farming districts, complementing ongoing support through PM-Kisan and irrigation schemes etc. Earlier this month, Trump signed an executive order imposing an additional 25% tariff on all Indian goods entering the US, making good on his threat to penalise New Delhi's continued purchases of Russian oil. The additional 25%, due to take effect on August 27, puts India at par with Brazil as the two countries whose exports will face the highest levy of 50% on their goods. The duties would put Indian exporters at a significant disadvantage compared to their rivals in Bangladesh, Indonesia and Vietnam – which face tariffs of between 19% and 20% . India has called the American actions 'unfair, unjustified and unreasonable' and said it will take all actions necessary to protect its national interests, India and the US failed to hammer out a bilateral trade pact after several rounds of negotiations, despite Trump's hint in the middle of the talks that a 'big deal' was imminent. India's refusal to open up its farm, fishery and dairy sectors was one of the main sticking points.
Time of India
21 minutes ago
- Time of India
Ready To Work With India: China's Rare 'Dragon & Elephant' Unity Talk Amid Trump's Tariff Pressure
India and China, once at their lowest point after the 2020 Galwan clash, are now edging towards a cautious thaw, driven by shared economic and geopolitical pressures. As US President Donald Trump threatens a massive 50% tariff on Indian goods, Prime Minister Narendra Modi is turning to BRICS partners, especially Beijing, for strategic balance. China's foreign ministry has called the 'cooperative pas de deux' between the dragon and the elephant the right choice, urging deeper trust, cooperation on multilateral platforms, and careful handling of disputes. Sources say Modi could announce the resumption of direct India–China flights next month, ahead of his expected trip to Tianjin for the Shanghai Cooperation Organisation summit, his first China visit in seven years, where a high-stakes meeting with Xi Jinping is likely. With Washington's trade wars reshaping alliances, this could mark a dramatic shift in Asia's power equation.#india #china #indiachina #pmmodi #xijinping #modixi #brics #sco #usindiarelation #trumptradewar #asiageopolitics #galwan #globaltrade #dragonandelephant #breakingnews #trending #trendingnow #toi #bharat #toibharat #indianews Read More
