Electrically assisted V-bending (EAVB) experiments of Ti55 alloy sheets with initial basketweave structure were carried out at effective current densities of 3-5A/mm2. The history of temperature field, microstructure patterns and mechanical properties were characterized by IR imaging, OM, EBSD and hardness tests. The results show that α lamellae continuously decrease in thickness (from 2.38μm to 0.64μm) with increasing current density. The microstructure patterns of the three deformation zones are significantly different due to different deformation mode and electro-thermo-mechanical routes. Due to limited plastic strain, the orientation rotation and shear fracture of the α lamellae are restricted in the neutral layer, while the ones in the inner and outer layers are refined and become more uniform at mild current density. With increasing current density, the main deformation mode of α grains in the inner layer is {1010} prismatic slip and dynamic spheroidization/recrystallization tends to occur at α lamellae with <0110>α//TD orientation. In the neural and outer layer, intense local Joule heat effect induces α→β→α’ phase transformation in “hot spots”, leading to massive growth of 3 variant needle-like α’, intensified heterogeneous micro-deformation and significant strengthening effect. The combined effects of local Joule heat, residual α phase and deformation-induced defect nucleation break the strict Burgers orientation relationship between α/α’ lamellae and β matrix during EAVB and subsequent cooling process.