logo
Ultraviolette vrooms into Europe with electric bikes

Ultraviolette vrooms into Europe with electric bikes

Time of India5 days ago

New Delhi:
Less than three years after launching its electric motorcycle in India,
Ultraviolette Automotive
has now made its foray into the European market, beginning with Germany and France. The company has commenced shipments of its F77 MACH 2 and F77 SuperStreet models, with an initial batch of around 100 units headed to these two countries.
Founded in 2016, the EV maker spent nearly six years developing its flagship high-performance electric motorcycle, the F77, which officially launched in the Indian market in November 2022. Over time,
Ultraviolette
has vertically integrated all core subsystems, including the in-house development of battery packs and battery management systems. Its bikes are manufactured at a facility in the Jigani Industrial Area, Bengaluru.
'From the beginning, we have always envisioned our products for the global market as well. Our international journey really took shape when we began participating in the Milan Motorcycle Show (EICMA) in 2023. That's where we started attracting serious interest from international distributors,'
Niraj Rajmohan
, CTO and Co-founder of Ultraviolette Automotive, told ETAuto.
In 2023, Ultraviolette also applied for European certification for its electric motorcycles and secured approvals in September 2024. The certifications include UN 38.3 for lithium-ion battery safety, UNECE L3e-A1 homologation for two-wheelers, and ISO 9001:2015 for quality management and manufacturing processes, thereby meeting some of the most stringent regulatory standards required to sell and operate vehicles in the European market.
From a three to five-year perspective, the Bengaluru-based EV maker expects India to remain its largest revenue contributor, accounting for 50 per cent or more. 'While international volumes may be smaller initially, we anticipate that higher price points in overseas markets could drive 30–40 per cent of our overall business during the same period,'
Rajmohan
said.
The company is retailing completely built units (CBUs) in Europe through three primary distribution partners--Dream Center in Germany, Pink Mobility in France, and Moto Mondo, which manages operations in both the UK and the Netherlands. Ultraviolette will also supply spare parts and offer ongoing support to its partners' technical teams, who visited Bengaluru in March for comprehensive service training.
'Each distributor works with several dealer partners in their respective markets. The European market typically follows a two-tiered structure, where country-level distributors handle core functions such as marketing, training, and technical support, while local dealers, often multi-brand outlets, manage regional sales and customer service,' Rajmohan said.
These distributors will serve as Ultraviolette's official representatives in each country, receiving vehicles directly from the company and overseeing imports, logistics, and coordination with local dealers. The dealers, typically smaller, multi-brand outlets, handle regional sales and customer engagement, while relying on the distributors for advanced technical support and spare parts management when needed.
'Motorcycling in Northern Europe is largely seasonal, concentrated in the summer months, while in Southern Europe, it continues year-round. The margins in these markets are also comparatively higher,' he added.
Plan ahead
By next month, Ultraviolette aims to export 500 units to key European markets, including Spain, the Netherlands, the UK, France, and Germany. Following this initial phase, it plans to expand its footprint into additional countries such as Portugal, Belgium, and other parts of Europe. The company will compete with global benchmarks like BMW and KTM.
'One of the key reasons we've been able to enter global markets is our focus on getting four fundamentals right– pricing, performance, design, and technology. You simply can't compromise on any of them,' Rajmohan said.
When asked about the possibility of joint ventures or establishing local manufacturing units overseas, Ultraviolette confirmed that it has already engaged in early-stage discussions on the matter. 'We're open to a wide range of partnerships, whether it's expanding our distribution and dealer network or collaborating on charging infrastructure.'
In the long term, the nine-year old company anticipates establishing global hubs for 'assembly or even manufacturing, depending on region-specific factors like import duties, government incentives, and local market dynamics.'
Ultraviolette's electric motorcycles support two types of charging interfaces. The first is a Type 6 connector, integrated into the vehicle and compliant with both the European EN 62196 standard and the Indian IS 17017. Additionally, the company offers equipment that enables charging via the widely used Type 2 car charging infrastructure. Both formats are based on European standards, ensuring broad compatibility and flexibility across markets.
India strategy
Ultraviolette has sold nearly 2,000 units in India so far. While operations were limited to Bengaluru last year, it has since expanded to 15 cities nationwide as part of its domestic growth strategy.
Since inception, Ultraviolette has raised approximately $70 million from key investors, including TVS Motor Company, Zoho Corporation, Qualcomm Ventures, Speciale Invest, and Lingotto, which is a subsidiary of EXOR NV, known for its majority stakes in several iconic global brands.
While 2025 will serve as Ultraviolette's pilot year for international markets, the company is simultaneously ramping up manufacturing and scale in India. To support this growth, it is aiming to raise approximately $100 million by the next quarter, with plans afoot for an IPO by 2027.
In March, Ultraviolette also launched the Shockwave electric bike along with its first-ever electric scooter, the Tesseract.
Its current manufacturing facility has an annual capacity of up to 30,000 units. 'On the domestic front, our goal is to be present in 100 cities across India by the end of this year,' Rajmohan said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

World's biggest banks increased fossil fuel financing by $162 billion in 2024: Report
World's biggest banks increased fossil fuel financing by $162 billion in 2024: Report

Indian Express

time42 minutes ago

  • Indian Express

World's biggest banks increased fossil fuel financing by $162 billion in 2024: Report

The world's largest 65 banks committed $869 billion in 2024 to companies in the fossil fuels sector, up from $707 billion in 2023, with State Bank of India (SBI) one of nearly 50 large banks that increased their financing for the same compared to the previous year. 'This growth in fossil fuel finance is troubling because new fossil fuel infrastructure locks in more decades of fossil fuel dependence. As the IEA's (International Energy Agency) 2024 Energy Investment Outlook report states, '(a)chieving net zero emissions globally by 2050 would mean annual investment in oil, gas, and coal falls by more than half' by 2030,' said the Fossil Fuel Finance Report 2025 by a group of eight environment organisations together called Banking on Climate Chaos Coalition. To be sure, SBI accounted for only a fraction of the total fossil fuel financing in 2024 and only saw a small increase last year compared to other lenders. As per the report, SBI was the only Indian bank in the top 65 with a $65 million increase in fossil fuel financing in 2024 from 2023 to $2.62 billion, putting it at the 47th spot out of the 65 banks, up from 49 in 2023. In comparison, JPMorgan Chase retained its top spot in the list as it gave $53.5 billion to fossil fuel companies last year, $15 billion more than it did in 2023. This is more than SBI's total fossil fuel financing of $10.6 billion from 2021 to 2024. Earlier this year in February, SBI Chairman CS Setty said the bank is targeting to be net zero in terms of emissions by 2055. Before that, the bank is aiming to have at least 7.5 per cent of its domestic gross advances to be green advances by 2030. As at the end of the quarter ended March, SBI's domestic advances stood at Rs 36.02 lakh crore. It had sanctioned a combined fund and non-fund-based limit of Rs 20,558 crore for sustainable finance activities. According to Bengaluru-based think-tank Climate Risk Horizons, coal financing is a 'huge blind spot' for Indian banks. 'Among the top 1000 BSE-listed banks as of March 2024, only Federal Bank and RBL Bank have adopted explicit coal exclusion or phase-out policies… The economics are clear: coal is no longer the cheap energy source it once was. Renewable energy and storage can now provide electricity at or below the cost of coal, with continued cost declines likely,' the think-tank's analysts said in a post in March 2025 warning that Indian banks were falling behind in the sustainable finance race. The report found that fossil fuel financing by the world's largest banks rose in 2024 after declining in 2023 came amid watering down of exclusion policies and policy rollbacks. '…what was once largely a North American trend is now going global. European banks –often seen as more progressive on climate due to the quality of their sector policies – also began backtracking,' it said. In March, American lender Wells Fargo scrapped plans to become net zero by 2050, weeks after US President Donald Trump signed an executive order announcing the country's withdrawal from the Paris Agreement. The US' withdrawal — which will take effect in early 2026 and see the world's largest economy join Iran, Libya, and Yemen as those not party to the Paris Agreement — has been part of a series of steps taken by the Trump administration to promote fossil fuels even in the face of 2024 being the hottest year ever recorded. In January, the US Treasury Department withdrew its membership of the Network of Central Banks and Supervisors for Greening the Financial System —a voluntary global coalition that looks to mobilise green finance and develop recommendations for climate-risk management in the financial sector — as part of the aforementioned executive order signed by Trump. And ahead of Trump's inauguration, the US' six largest banks left the UN-sponsored Net Zero Banking Alliance. A committee of the US Senate also approved draft legislation this week that would hit key tax incentives for clean energy. The increase in fossil fuel financing by banks in 2024 marked a reversal of decreasing lending to the segment. While nearly $3.3 trillion has been made available to fossil fuel businesses since 2021, the 65 banks in the 2025 report have committed $7.9 trillion in fossil fuel financing since the Paris Agreement came into force in 2016. In 2024, financing for acquisitions increased by $19.2 billion to $82.9 billion. While mergers and acquisitions don't directly create new infrastructure, 'this consolidation — for which bank financing is critical — is often an attempt to grow the power and competitiveness of fossil fuel companies, at a time when the world actually needs to phase out fossil fuels', the report said. Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More

Brigade Group launches housing project with potential of ₹2,100 crore in South Chennai
Brigade Group launches housing project with potential of ₹2,100 crore in South Chennai

Hindustan Times

timean hour ago

  • Hindustan Times

Brigade Group launches housing project with potential of ₹2,100 crore in South Chennai

Bengaluru-based listed real estate developer Brigade Group announced on June 21 a residential project in South Chennai with a gross development value (GDV) of ₹ 2,100 crore. Bengaluru-based listed real estate developer Brigade Group announced on June 21 a residential project in South Chennai with a gross development value (GDV) of ₹ 2,100 crore ( Picture for representational purposes only) (Pixabay) The company said the project is located on the Sholinganallur–Medavakkam corridor in South Chennai. It is spread across 14.7 acres and has a potential for 2.2 million sq ft of premium apartments. The company said that it will develop 1,250 units, with the largest units spanning up to 2,599 sq ft, in 2,3—and 4-BHK sizes. According to the company, the project named Brigade Morgan Heights is strategically positioned just 150 meters from the upcoming Classical Tamil Institute Metro Station and ensures smooth connectivity to key IT parks—including ELCOT, Wipro, and Cognizant—each reachable within a mere 10-minute drive, significantly enhancing its appeal for working professionals. Also Read: Brigade Group's flexible workspace arm BuzzWorks signs 24,000 sq ft workspace with Infor India in Hyderabad The company said that the project will be executed via a Joint Development Agreement (JDA), and will be equipped with rooftop solar panels covering one-third of the terrace space to power common areas, rainwater harvesting systems, groundwater recharge, and an organic waste converter. The centrepiece is a 40,000 sq ft clubhouse offering over 30 curated amenities. Also Read: Brigade Group to add 8 million sq ft of office space, plans to double flex space portfolio Brigade Enterprises MD Pavitra Shankar said, 'Chennai continues to be a vital market for Brigade Group, and this expansion aligns with our vision of delivering high‑quality residential developments in upcoming urban corridors. With its prime location, proximity to IT hubs, and a serene green backdrop, Brigade Morgan Heights will offer an unparalleled living experience integrating comfort, sustainability and modern living." Also Read: Less than 1% of Indian developers' topline is invested in technology, says Nirupa Shankar of Brigade Group Meanwhile, the company said that this launch not only reinforces Brigade Group's commitment to Chennai—a city where it plans nearly ₹ 8,000 crore worth of developments by 2030—but also marks a significant milestone in its portfolio of landmark projects, which includes flagship properties like the World Trade Centre and Orion Mall.

Europeans seek 'digital sovereignty' as US tech firms embrace Trump
Europeans seek 'digital sovereignty' as US tech firms embrace Trump

Time of India

timean hour ago

  • Time of India

Europeans seek 'digital sovereignty' as US tech firms embrace Trump

At a market stall in Berlin run by charity Topio, volunteers help people who want to purge their phones of the influence of US tech firms. Since Donald Trump 's inauguration, the queue for their services has grown. Interest in European-based digital services has jumped in recent months, data from digital market intelligence company Similarweb shows. More people are looking for e-mail, messaging and even search providers outside the United States. The first months of Trump's second presidency have shaken some Europeans' confidence in their long-time ally, after he signalled his country would step back from its role in Europe 's security and then launched a trade war. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Costco Shoppers Say This Wrinkle Cream Is "Actually Worth It" The Skincare Magazine Undo "It's about the concentration of power in US firms," said Topio's founder Michael Wirths, as his colleague installed on a customer's phone a version of the Android operating system without hooks into the Google ecosystem. Wirths said the type of people coming to the stall had changed: "Before, it was people who knew a lot about data privacy. Now it's people who are politically aware and feel exposed." Live Events Tesla chief Elon Musk, who also owns social media company X, was a leading adviser to the US president before the two fell out, while the bosses of Amazon, Meta and Google-owner Alphabet took prominent spots at Trump's inauguration in January. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Days before Trump took office, outgoing president Joe Biden had warned of an oligarchic "tech industrial complex" threatening democracy. Berlin-based search engine Ecosia says it has benefited from some customers' desire to avoid US counterparts like Microsoft's Bing or Google, which dominates web searches and is also the world's biggest email provider. "The worse it gets, the better it is for us," founder Christian Kroll said of Ecosia, whose sales pitch is that it spends its profits on environmental projects. Similarweb data shows the number of queries directed to Ecosia from the European Union has risen 27% year-on-year and the company says it has 1% of the German search engine market. But its 122 million visits from the 27 EU countries in February were dwarfed by 10.3 billion visits to Google, whose parent Alphabet made revenues of about $100 billion from Europe, the Middle East and Africa in 2024 - nearly a third of its $350 billion global turnover. Non-profit Ecosia earned 3.2 million euros ($3.65 million) in April, of which 770,000 euros was spent on planting 1.1 million trees. Google declined to comment for this story. Reuters could not determine whether major US tech companies have lost any market share to local rivals in Europe. Digital sovereignty The search for alternative providers accompanies a debate in Europe about "digital sovereignty" - the idea that reliance on companies from an increasingly isolationist United States is a threat to Europe's economy and security. "Ordinary people, the kind of people who would never have thought it was important they were using an American service are saying, 'hang on!'," said UK-based internet regulation expert Maria Farrell. "My hairdresser was asking me what she should switch to." Use in Europe of Swiss-based ProtonMail rose 11.7% year-on-year to March compared to a year ago, according to Similarweb, while use of Alphabet's Gmail, which has some 70% of the global email market, slipped 1.9%. ProtonMail, which offers both free and paid-for services, said it had seen an increase in users from Europe since Trump's re-election, though it declined to give a number. "My household is definitely disengaging," said British software engineer Ken Tindell, citing weak US data privacy protections as one factor. Trump's vice president JD Vance shocked European leaders in February by accusing them - at a conference usually known for displays of transatlantic unity - of censoring free speech and failing to control immigration. In May, Secretary of State Marco Rubio threatened visa bans for people who "censor" speech by Americans, including on social media, and suggested the policy could target foreign officials regulating US tech companies. US social media companies like Facebook and Instagram parent Meta have said the European Union's Digital Services Act amounts to censorship of their platforms. EU officials say the Act will make the online environment safer by compelling tech giants to tackle illegal content, including hate speech and child sexual abuse material. Greg Nojeim, director of the Security and Surveillance Project at the Center for Democracy & Technology, said Europeans' concerns about the US government accessing their data, whether stored on devices or in the cloud, were justified. Not only does US law permit the government to search devices of anyone entering the country, it can compel disclosure of data that Europeans outside the US store or transmit through US communications service providers, Nojeim said. Mission impossible? Germany's new government is itself making efforts to reduce exposure to US tech, committing in its coalition agreement to make more use of open-source data formats and locally-based cloud infrastructure. Regional governments have gone further - in conservative-run Schleswig-Holstein, on the Danish border, all IT used by the public administration must run on open-source software. Berlin has also paid for Ukraine to access a satellite-internet network operated by France's Eutelsat instead of Musk's Starlink. But with modern life driven by technology, "completely divorcing US tech in a very fundamental way is, I would say, possibly not possible," said Bill Budington of US digital rights nonprofit the Electronic Frontier Foundation. Everything from push notifications to the content delivery networks powering many websites and how internet traffic is routed relies largely on US companies and infrastructure, Budington noted. Both Ecosia and French-based search engine Qwant depend in part on search results provided by Google and Microsoft's Bing, while Ecosia runs on cloud platforms, some hosted by the very same tech giants it promises an escape from. Nevertheless, a group on messaging board Reddit called BuyFromEU has 211,000 members. "Just cancelled my Dropbox and will switch to Proton Drive," read one post. Mastodon, a decentralised social media service developed by German programmer Eugen Rochko, enjoyed a rush of new users two years ago when Musk bought Twitter, later renamed X. But it remains a niche service. Signal, a messaging app run by a US nonprofit foundation, has also seen a surge in installations from Europe. Similarweb's data showed a 7% month-on-month increase in Signal usage in March, while use of Meta's WhatsApp was static. Meta declined to comment for this story. Signal did not respond to an e-mailed request for comment. But this kind of conscious self-organising is unlikely on its own to make a dent in Silicon Valley's European dominance, digital rights activist Robin Berjon told Reuters. "The market is too captured," he said. "Regulation is needed as well."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store