Launch
Ultraviolette to invest Rs 200 crore in Karnataka expansion
By Startup Enthusiast ·
- Date
- Company
- Ultraviolette
- What it does
- MoU with Karnataka
- Kind
- Launch
- Amount
- Rs 200 crore
- Based in
- Bengaluru
- Founded
- 2016
What they do
Ultraviolette signed an agreement with the Karnataka government to spend Rs 200 crore over five years on more production
What happened
A second phase would add a plant able to make 1.5 lakh vehicles a year; its cost was not yet fixed
Why it matters
The deal was signed at the Invest Karnataka event in Bengaluru, where the company is based
The details
- Ultraviolette signed an MoU with Karnataka.
- Plan: Rs 200 crore over five years.
- Phase two: a plant for 1.5 lakh vehicles a year.
- Phase two cost not finalised.
- Signed at the Invest Karnataka conclave.
The bigger picture
- It prepares capacity for scooters and cheaper bikes.
- It keeps its main base in its home state.
- It came months before a larger Tamil Nadu plan.
About the business
- Ultraviolette designs and builds premium electric motorcycles in Bengaluru, led by the F77 and the X-47.
- It sells in India and in about 19 European countries, and is adding a scooter (Tesseract) and a cheaper bike (Shockwave).
- Money comes from vehicle sales, with a battery subscription option to lower the upfront price.
Founders
- Narayan Subramaniam, Co-founder and CEO
- Niraj Rajmohan, Co-founder and CTO
About Ultraviolette
- Product
- Electric two-wheelers, including motorcycles and upcoming scooter and dirt-bike models.
- Customers
- Consumers buying electric motorcycles and other EV two-wheelers.
- How it makes money
- Sells vehicles directly to end customers through an automotive retail model.
- Operations
- Expanding manufacturing capacity in Karnataka and Tamil Nadu.
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More on Ultraviolette
- Ultraviolette bags $85 million to fuel global EV expansion27 September 2026 · Funding · $85M
- Kolkata Police add 183 Ultraviolette electric bikes21 September 2026 · Partnership
- Ultraviolette raises Rs 373 crore in Series E round11 September 2026 · Funding · Rs 373.04 crore
- Ultraviolette in talks to raise $45-50 million from existing investors21 August 2026 · Funding · $45-50 million
- Ultraviolette plans 1.5 lakh unit capacity before IPO17 July 2026 · Launch
- Ultraviolette enters six more European countries7 April 2026 · Launch
- Ultraviolette cuts bike prices with battery subscription5 March 2026 · Launch
- Ultraviolette raises $21 million with TDK Ventures11 August 2025 · Funding · $21 million
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