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Ultraviolette launches special 'Space Edition' of F77 electric motorcycle
Startup News FYI
·
1y ago
Medial
Bengaluru-based electric motorcycle manufacturer, Ultraviolette Automotive, has introduced a unique 'Space Edition' of its flagship F77 electric motorcycle. The launch of this special edition commemorates the Chandrayaan-3 mission and signifies the overall advancements in India's aviation and space technology ecosystem.
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Ultraviolette enters Europe, eyes 35 pc of revenue from global exports by 2028
Economic Times
·
1m ago
Medial
Ultraviolette, an electric motorcycle manufacturer, has entered the European market, aiming for up to 35% of revenue from exports by 2028. The company launched its flagship models, the F77 MACH 2 and F77 SuperStreet, in several European countries, including Germany and France. CEO Narayan Subramaniam highlighted Europe's motorcycling culture and the advantages of European certifications. Ultraviolette plans to expand further into South East Asia and Latin America, maintaining manufacturing in India.
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Ultraviolette Begins Exports Of Its Made-In-India E-Bikes To EU
Inc42
·
10m ago
Medial
Indian electric vehicle manufacturer Ultraviolette Automotive has started exports of its F77 MACH 2 electric motorcycles to European Union countries. The company is targeting markets in Italy, Spain, France, Germany, and the UK. The F77 MACH 2, priced between €9,000 to €11,000 in Europe, features a 10.3 kWh battery pack. This move aligns with India's goal of achieving 30% electric vehicle adoption by 2030 and supports the government's efforts to enhance domestic EV production and competitiveness.
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Ola Electric Hits 20% Upper Circuit After Venturing Into E-Bike Space
Inc42
·
11m ago
Medial
Ola Electric's shares surged by nearly 20% to reach a 52-week high of INR 132.76 after unveiling its electric motorcycle portfolio 'The Roadster Series'. This comes as new players like Ultraviolette, EMotorad, Motovolt, and Toutche Electric enter the electric bike market. At 12:07 PM, Ola Electric shares were trading at INR 129.03.
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Electric bike startup Ultraviolette to secure fresh funds in ongoing round
Entrackr
·
3m ago
Medial
Electric bike startup Ultraviolette Automotive is set to raise Rs 32.6 crore ($3.85 million) in an extended Series E1 round led by Winever Industrial Enterprises and Dilip Anand Swadi with the participation of Breathe Capital and others. This round is an extension to its previous Rs 130 crore round led by Zoho Corporation raised in December last year. The board at Ultraviolette passed a resolution to issue 1,13,540 Series E1 CCPS at an issue price of Rs 2,874 to raise the aforementioned amount, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Winever Industrial Enterprises and Dilip Anand Swadi will lead the round with investments of Rs 10 crore each, while Breathe Capital will contribute Rs 6 crore. Twin & Bull Family Office and Mangalam Equity Management will invest Rs 2.5 crore and Rs 2 crore, respectively. Resolute Futurewave and Aprameya Radhakrishna (Co-founder and CEO of Koo) will each invest Rs 1 crore. As per Entrackr’s estimates, the company will be valued at Rs 2,887 crore (approximately $340 million) post-allotment. Founded in 2016, Ultraviolette Automotive is a two-wheeler manufacturer focused on clean energy and sustainable transportation. The company currently offers four electric bike variants: F77 Mach 2, F77 SuperStreet, Tesseract, and Shockwave. According to Vahan’s data, the Bengaluru-based company sold 543 vehicles in FY25 and 86 vehicles in April. Meanwhile, its lead investor, TVS Motor, emerged as the leader in India’s electric two-wheeler (E2W) market for April 2025, selling 19,736 units and capturing a 22% market share. According to startup data intelligence platform TheKredible, Ultraviolette Automotive has raised around $79 million to date from investors including TVS Motors, Mudhal Partners, Zoho Corporation, and others. For the fiscal year ended March 2024, the company reported an operating revenue of Rs 15 crore against Rs 8.7 crore in FY23. During the same period, Ultraviolette incurred a loss of Rs 61.6 crore.
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Legal Battle Brews Over 'X440' Bike Name Delhi High Court Issues Notice to Hero MotoCorp
Business Bytes
·
1y ago
Medial
Hero MotoCorp, a major motorcycle manufacturer, is facing a legal battle over its usage of the name 'X440' for one of its bikes. Ultraviolette, an electric motorcycle player, has raised concerns about the potential confusion and similarity to their own products. The Delhi High Court has issued a notice to Hero MotoCorp, highlighting the importance of addressing potential naming conflicts and maintaining distinct brand identities within the competitive automotive industry. The outcome of this case could set a precedent for how such issues are handled in the Indian market.
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Ola Electric launches limited edition of S1 Pro Sona in real 24-karat pure gold elements
Economic Times
·
7m ago
Medial
Ola Electric has released a limited edition 'Sona' version of its S1 Pro scooter, featuring real 24-karat gold elements. The launch is part of their #SavingsWalaScooter campaign, where they aim to expand their sales and service network to 4,000 stores across India by December 25. Ola Electric also plans to giveaway a few units of the Ola S1 Pro Sona through the #OlaSonaContest as a surprise for customers. The company describes the special edition scooter as a perfect combination of innovation and exclusivity, representing festive joy and celebration.
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Bhavish Aggarwal’s Ola Electric opens 3,200 new stores, launches limited-edition S1 Pro Sona model
Livemint
·
7m ago
Medial
Ola Electric on Wednesday, December 25 launched 3,200 new stores around the country along with its exclusive S1 Pro Sona Edition electric scooter. More than 1 lakh people joined the celebration, says CEO Bhavish Aggarwal.
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Hero MotoCorp, US partner in advanced stage of developing mid-sized electric bike
YourStory
·
8m ago
Medial
Hero MotoCorp and Zero Motorcycles are in the advanced stage of developing a mid-sized performance electric motorcycle. The collaboration between the two companies, which began in 2023, aims to develop premium electric bikes. Hero MotoCorp CEO, Niranjan Gupta, mentioned in an analyst call that the electric motorcycle is in the advanced stage and will be in the middle-weight segment in terms of size. The company is also expanding its electric scooter range and expects its electric products to be compliant with the PLI scheme in FY26.
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Oben Electric closes Rs 100 Cr Series A round with fresh capital infusion
YourStory
·
1m ago
Medial
Oben Electric, an electric motorcycle manufacturer based in Bengaluru, has successfully closed an extended Series A funding round, raising a total of Rs 100 crore. This includes an additional Rs 50 crore secured in May 2025, following a similar amount in January. The funds will aid in expanding to over 150 showrooms across 50 cities by the fiscal year 2026, boosting production capabilities in Bengaluru, and developing the affordable 'O100' electric motorcycle platform.
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Royal Enfield to invest ₹1,000 cr in EVs, petrol bikes
Livemint
·
1y ago
Medial
Eicher Motors, the maker of Royal Enfield motorcycles, plans to invest ₹1,000 crore this fiscal year to build its first electric motorcycle factory and expand its petrol-driven motorcycle portfolio. The company aims to gain a larger share of the global mid-weight motorcycle market, which saw over 1 million units sold in FY23. Royal Enfield is focused on developing uniquely differentiated electric motorcycles with a strong brand DNA and has started investing in product development, infrastructure, and testing. In the Indian market, the company's market share for motorcycles above 125cc reached nearly 30% in FY23.
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