Ultraviolette Automotive Pvt. Ltd. has achieved a significant milestone by officially commencing the deliveries of the F77, India’s first high-performance electric motorcycle, to customers at its manufacturing facility in Bengaluru. This achievement marks a significant milestone for the company, as it moves into the next phase of its growth strategy. Ultraviolette Automotive is now focusing on setting up dealerships across the country and expanding its global presence.
Expansion and Investment
Since the company has started deliveries of the electric bike, the manufacturer is geared up to accelerate its expansion plans in both the domestic and international markets. In order to provide convenience to the customers regarding purchase and service, the company has plans to scale up the network of dealerships across the country. By garnering a strong presence, the company has goals of accomplishing aspects of enhance the accessibility and convenience of its products for customers across the world.
In order to initiate the next phase of the brand’s growth and expansion, Ultraviolette is buckled-up to raise 120 million dollars of new round investment. With this investment, the company will be brimmed with sufficient funds for accomplishing the goals of global expansion and supporting the efforts of the development of its current vehicle platform. EXOR Capital from Europe, Qualcomm Ventures from the US, TVS Motor Company, Zoho Corp, Gofrugal Technologies, and Speciale Invest have all participated in previous financing rounds, and Ultraviolette has raised more than $55 million since its inception.
Ultraviolette F77
Ultraviolette F77 is the fastest electric performance bike in India that provides a splendid riding experience. This bike’s advanced technology and stunning design make it highly appealing to its target audience. The F77 sets a benchmark for 2-wheeler R&D in India exceeding all the expectations of performance and aesthetic appeal. Ultraviolette has priced the F77 at ₹3.8 lakh ex-showroom and comes in three forms – Airstrike, Shadow, and Lase. These forms are further divided into 2 variants- F77 and F77 Recon with an IDC Range of 206 km and 307 km respectively.
Official Statement
“Our investors share our vision for the future of transportation. With the commencement of deliveries of the F77, it’s vital that we keep looking forward and pushing through to Ultraviolette’s next phase of growth,” said Niraj Rajmohan, Co-founder and CTO of Ultraviolette. “The infusion of funds from partners who share our vision will enable Ultraviolette to scale new vehicle programs, expand our domestic footprint, and accelerate international product rollout”, he added.