March 7th, 2025
Bengaluru-based electric motorcycle maker aims to launch 14 new models across five platforms as it targets 100,000 annual sales within four years
Ultraviolette Automotive, known for India’s fastest electric motorcycles, is preparing to shift into high gear with plans to invest up to $100 million (approximately ₹870 crore) over the next two years to expand its product lineup and manufacturing capacity.
The Bengaluru-based EV startup, which currently sells premium performance motorcycles priced above ₹3 lakh, is set to diversify into more affordable segments with electric scooters and lightweight motorcycles aimed at reaching mainstream consumers.
“This [new products and capacity expansion] involves investments in the range of $70 million to $100 million for the next couple of years,” said Ultraviolette co-founder and Chief Technology Officer Niraj Rajmohan in a recent interview.
From Niche Player to Volume Manufacturer
Ultraviolette’s ambitious roadmap includes rolling out 14 new products over the next 36 months across five distinct platforms: F Series, S-Series, L Series, X Series, and B Series.
The company’s current offering consists of two performance motorcycles under the F Series – the F77 Mach 2 and F77 SuperStreet. Its upcoming models include the Tesseract scooter under the new S Series and the Shockwave, an adventure street motorcycle in the L Series category.
The startup’s pilot plant near Electronic City in Bengaluru currently has a manufacturing capacity of just 30,000 units annually, which Rajmohan acknowledges will be insufficient to meet projected demand.
“We’re projecting annual sales volume to reach at least 100,000 units within the next three to four years,” he said, adding that the company is exploring options for a greenfield expansion.
Funding the Growth Story
Ultraviolette has already invested $60 million in its current products and manufacturing facility. According to data from Tracxn, the company has raised nearly $77 million across 13 funding rounds since its founding in 2016.
Its most recent funding was a $15.3 million Series D round completed in December 2024. Notable investors include TVS Motor, Zoho, Qualcomm, and Exor.
Rajmohan revealed that Ultraviolette is actively seeking additional capital to fund its expansion plans.
“This is a very capital-intensive industry. Today, we have an advantage. We are ahead in terms of technology and several capabilities. Now, it’s time to double down, so we are in discussions for growth capital,” he explained.
When asked about potential manufacturing partnerships with investor TVS Motor, Rajmohan noted, “There are possible synergies with TVS. These have always been on the table. At the right time and place, when it makes sense for both parties, we will take it up.”
As India’s electric two-wheeler market continues to heat up, Ultraviolette’s push to expand beyond its premium niche could position it as a significant player in the country’s evolving EV landscape.
