Bengaluru-based electric motorcycle maker Ultraviolette has raised fresh capital and roped in Intel chief Lip-Bu Tan as an investor and adviser. The move pairs one of India’s most-watched EV startups with a global semiconductor veteran.

What the money is for

The company is expected to channel the funds into production scale-up, retail expansion, and next-generation platforms. Premium electric two-wheelers remain a small but fast-growing slice of India’s EV market.

Why the adviser matters

Tan’s experience across chips and systems could help Ultraviolette deepen its electronics and software stack, from battery management to connected features. For a startup selling on technology, the signalling value is significant.

Bira 91 revival, and more

The funding comes amid a wider startup reset, with investors rewarding capital discipline. Whether Ultraviolette can convert buzz into volumes will be the story to track through the festive quarter.