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Launch

Ultraviolette plans 1.5 lakh unit capacity before IPO

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Ultraviolette logo
Date
Company
Ultraviolette
What it does
Scale-up plan
Kind
Launch
Based in
Bengaluru
Founded
2016

What they do

CEO Narayan Subramaniam said the second phase of its factory will raise yearly capacity to 1.5 lakh vehicles from about 50,000–60,000

What happened

The company is aiming for 1,000 sales a month by the end of 2026 as the Tesseract scooter nears launch

Why it matters

The expansion is part of its preparation for an initial public offering

The details

  • Current plant: about 50,000–60,000 vehicles a year.
  • Phase two: 1.5 lakh a year.
  • Target: 1,000 sales a month by end-2026.
  • Mainly to make the Tesseract scooter.
  • It is getting ready for an IPO.

The bigger picture

  • Scooter volumes need much bigger factories.
  • It shows how fast it expects demand to grow.
  • Two months later it announced a still larger Tamil Nadu plant.

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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