Anagram advises Ultraviolette Automotive on its $85 million Series E fundraise led by Yali Capital and TDK Ventures.
Anagram Partners advised electric two-wheeler manufacturer Ultraviolette on its $85 million fundraise, led by deep-tech venture capital fund Yali Capital and TDK Ventures, alongside the company’s existing and long-term investors.
Ultraviolette Automotive is an Indian electric vehicle company focused on designing and manufacturing high-performance electric motorcycles. Founded in Bengaluru, the company combines advanced engineering, technology and performance-led design to develop next-generation electric mobility solutions.
Founded in 2023, Yali Capital is an India-based deep-tech venture capital fund investing in technology-driven companies across sectors including AI, robotics, semiconductors, aerospace and smart manufacturing.
TDK Ventures is the corporate venture capital arm of TDK Corporation, investing globally in early-stage technology companies across areas including mobility, energy, advanced materials, industrial technology and clean technology.
Anagram Partners acted as the legal advisor to Ultraviolette Automotive on this transaction. The team was led by our Partner Harman Walia, and comprised Tanmaya Negi, and Kritagya Agarwal. Our Partner Rajesh Simhan advised on tax aspects of the transaction.
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