Ultraviolette's Ambitious Ride: $100 Million Investment for a Greener Ride

Ultraviolette Automotive will invest a maximum of $100 million in the next few years to drive its aggressive growth. The firm is looking to introduce 12 new electric two-wheelers, such as scooters and motorcycles, with a target of selling 1 lakh units annually. This strategic initiative involves increasing its product portfolio across five platforms and its presence to 30 cities. Ultraviolette's new products, including the Tesseract scooter and Shockwave bike, will be launched in early 2026, which is a big move towards lower-priced, tech-filled products.

 

Source: Autocar India, Economic Times, Motoring Trends