Ultraviolette Automotive, the TVS-backed electric motorcycle startup, is accelerating its growth trajectory with ambitious sales targets, product diversification, and a nationwide retail push. Aiming for 10,000 to 12,000 units in FY25 across its flagship models, the company is also charting a path to profitability, expecting EBITDA breakeven within 2-3 years.”Overall, I would say we are targeting 10,000 units to 12,000 units in this financial year across mostly X47 and F77 models,” co-founder Niraj Rajmohan told Autocar Professional.Previously a niche player focused on high-performance enthusiasts, Ultraviolette’s F77 electric motorcycle—priced above Rs 3 lakh—delivered around 600 units in FY24, primarily in India and select European markets. The model’s premium positioning limited volumes but built a reputation for cutting-edge tech and speed.This week, the company broadened its appeal with the launch of the X47 Crossover on Tuesday, priced at an introductory Rs 2.74 lakh. Targeting urban commuters and daily riders, the X47 becomes Ultraviolette’s most affordable offering, significantly widening its market reach. Bookings opened immediately, with deliveries set to begin next month.
Scaling Retail Footprint for Mass Adoption
To support this volume surge, Ultraviolette is rapidly expanding its distribution network. From a single city in FY24, it now covers 30 locations and plans to hit 50 by year-end 2025 and 100 by March 2026.Rajmohan emphasized the strategic importance of this rollout: “This expansion is key to making our products accessible across India.
“Diversifying Portfolio: Scooters, Lightweight Bikes, and Beyond
Ultraviolette’s ambitions extend to new segments. In March 2025, it unveiled the Tesseract affordable scooter at Rs 1.45 lakh and the Shockwave lightweight adventure-street motorcycle at Rs 1.75 lakh. While bookings commenced then, co-founder Narayan Subramaniam confirmed deliveries for both will start in 2026, allowing for production scaling.The company envisions a robust lineup of 14 products over the next 36 months, built on five platforms: F Series (performance motorcycles), S Series (scooters like Tesseract), L Series (lightweight bikes like Shockwave), X Series (crossovers like X47), and B Series (cruisers). This diversification aims to propel annual sales to at least 1 lakh units within three to four years.Backed by a current manufacturing capacity of 30,000 units per annum at its Bengaluru pilot plant, Ultraviolette plans to invest $70-100 million (Rs 600-870 crore) over the next couple of years. Funds will fuel product development, capacity ramp-up, and sales infrastructure.
Path to Profitability: Per-Unit Gains and EBITDA Horizon
On the financial front, Ultraviolette is already profitable on a per-unit basis, a strong foundation for scaling. The company eyes EBITDA breakeven in 2-3 years, aligning with its volume and efficiency goals.”This per-unit profitability gives us confidence as we expand,” sources close to the matter indicated, highlighting cost optimizations in battery tech and manufacturing.Global Push: Europe Scales, Emerging Markets in SightInternationally, the F77 is undergoing pilots in European cities, with volume scaling expected in FY26. Rajmohan outlined further expansion: “For us, the next two big international markets after Europe will be Latin America and Southeast Asia. Next year is when we start scaling up in Europe, while we will do pilots in Southeast Asia and Latin America.”With India’s EV ecosystem maturing and global demand for sustainable mobility rising, Ultraviolette’s blend of innovation, affordability, and strategic investments positions it for breakout success. As the X47 rolls out and new models follow, the startup is poised to electrify the two-wheeler landscape.
