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Premium electric two-wheeler manufacturer Ultraviolette has announced plans to invest $100 million (approximately ₹870 crore) over the next three to four years. This investment will focus on expanding the company’s product portfolio, manufacturing capacity, and market presence.
Ultraviolette's Co-founder & CEO, Narayan Subramaniam, and Co-founder & CTO, Niraj Rajmohan, stated that the company will launch 10 new products, including electric scooters and long-range cruiser bikes, over the next three years. Additionally, the company is looking to expand beyond India into Europe and Southeast Asia to strengthen its global footprint.
According to Rajmohan, Ultraviolette has already made significant investments in research and development (R&D) to build core technologies such as charging systems, battery management, motor control, smart connectivity, and advanced sensing systems. “We are in discussions for an investment of around $70-100 million to scale up product expansion, geographic reach, and overall growth,” he added.
Subramaniam outlined that Ultraviolette will work on five distinct product platforms in the next three years:
- F Series – Sports performance motorcycles
- S Series – Electric scooters
- L Series – Lightweight motorcycles
- X Series – Multi-terrain capable vehicles
- B Series – Long-range cruiser motorcycles
Recently, the company introduced its first electric scooter, ‘Tesseract,’ and a lightweight electric motorcycle, ‘Shockwave,’ which are part of its upcoming product portfolio.
Ultraviolette aims to sell 100,000 electric vehicles over the next three to four years. By the second half of this year, the company expects to achieve monthly sales of 1,000 units and aims for an annual sales target of 30,000 units by next year.
Rajmohan further revealed that operational breakeven will be achieved at 1,000 units per month, while EBITDA positivity is expected once the company reaches 30,000 annual sales.
Ultraviolette plans to pilot its international expansion this year, with a focus on Germany, Spain, Italy, France, and the Netherlands. The company has already identified its first global partners in these markets.
“We will start with a few geographies to ensure focused execution, learn from the market, and then expand globally. Our vehicles are already certified for 40 countries, and next year, we will accelerate our international growth,” Rajmohan said.
While the U.S. market is not an immediate priority, Ultraviolette sees strong demand from Latin America, Southeast Asia, and Australia, and plans to expand strategically in these regions.
