Ultraviolette Automotive, a Bengaluru-based electric vehicle startup, has initiated the export of its made-in-India F77 MACH 2 high-performance electric motorcycles to the European Union (EU).
The first batch of these electric bikes was dispatched in a ceremony held at Ultraviolette’s manufacturing facility, with prominent political leaders in attendance, including Union Minister of Heavy Industries H.D. Kumaraswamy and Karnataka’s Minister of Industries and Commerce, M.B. Patil.
During the event, Kumaraswamy highlighted the significance of Ultraviolette’s expansion into European markets, calling it a “defining moment for India’s automotive industry.”
He added, “This demonstrates our nation’s ability to compete on the global stage.” Patil echoed these sentiments, positioning Bengaluru as the epicenter of India’s electric vehicle revolution, referring to Ultraviolette as the “Tesla of India.”
Founded in 2016 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette Automotive aims to establish itself as a major player in the global electric vehicle market.
The company has garnered support from investors such as Lingotto, Qualcomm Ventures, Zoho Corporation, TVS Motors, and Speciale Invest.
European Expansion and Features of the F77 MACH 2
Ultraviolette’s European market entry will initially target key regions, including Italy, Spain, France, Germany, and the UK.
The F77 MACH 2, designed and manufactured in India, is equipped with a 10.3 kWh battery pack—the largest in the country—featuring cell-level fuse technology and an IP-67 rated enclosure.
Priced between €9,000 to €11,000, the motorcycle’s final cost will depend on government incentives and taxes in each market.
Ultraviolette’s manufacturing facility in Bengaluru’s Electronics City spans 70,000 square feet and has an annual production capacity of 15,000 units, with plans to scale this up to 120,000 motorcycles per year.
Growing Global and Domestic Ambitions
The startup, which competes with leading electric two-wheeler manufacturers like Revolt, Pure EV, Ola Electric, Ather, TVS, and Hero, raised $10 million in a Series D funding round in 2022 from Amsterdam-based Exor, placing the company’s valuation at $300 million.
In addition to its European expansion, Ultraviolette plans to extend its presence in more Indian cities over the next year.
The company is also developing the F99 Factory Racing Platform, with a global commercial launch set for 2025.
A Rising Electric Vehicle Industry
Ultraviolette’s move comes at a time when India’s electric vehicle industry is gaining momentum.
The Indian government has set a target of achieving 30% EV adoption by 2030.
In support of this goal, the government introduced a policy in March 2024, reducing import taxes on electric vehicles for companies committed to local manufacturing.
Ultraviolette’s success also aligns with broader developments in the sector, including Maruti Suzuki’s announcement of its first electric vehicle, a mid-size SUV, set to launch in early 2025.
As Ultraviolette begins its journey into the European market, the company positions itself at the forefront of India’s electric vehicle revolution, paving the way for future global ventures.
