The company expects to reach $25 million in first-year sales, supported by growing demand for premium electric motorcycles and increasing availability of fast-charging options
Premium electric two-wheeler maker Ultraviolette plans to invest up to USD 100 million (nearly Rs 870 crore) in the next three to four years to fuel growth, including expansion of product portfolio, manufacturing and network, according to its founders. The company, which announced plans to bring ten new products, including scooters and long-range cruiser bikes, in the next three years, is targetting annual sales of 1 lakh units in this period, with presence not just in India but also in Europe and South East Asia, Ultraviolette CEO & Co-founder Narayan Subramaniam, and CTO & Co-founder Niraj Rajmohan told PTI. Rajmohan said the company has already made investments on R&D to build the fundamental building blocks, including charging systems, battery systems, motor control and vehicle control electronics, smart connected systems and advanced sensing systems. "We are in discussions from a larger investment point of view in the order of the USD 70-100 million that is meant to ..
Ultraviolette unveiled its first mass-market electric scooter, the Tesseract, with a price tag of Rs 1.45 lakh. Equipped with a 20.1 bhp motor, it offers an impressive 261 km range
Honda is unveiling two electric scooters in India, Activa E and QC1. The scooter will go on sale in February, while the booking will begin in January next year. Here's all you need to know
India's e-scooter market is small but growing, accounting for 5% of total two-wheeler sales in fiscal 2023-2024
Consumers can secure their E-Luna by pre-booking on the Kinetic Green website for an amount of Rs 500. Kinetic had started a pilot around September in some locations of Maharashtra
Hero MotoCorp domestically sold 14,046 units of Vida in the April-December period in 2023-24. Vida comprised 4.53 per cent of its total scooter sales in the same time period, as per the SIAM data
With an aim to accelerate its electrification journey, Hero MotoCorp plans to bring three new electric two-wheelers in the next one year, company CEO Niranjan Gupta said on Tuesday. The company, which unveiled its new performance bike MAVRICK 440, is also ramping up production to 10,000 units a month to meet demand for motorcycles in the segment. "In FY25, we will launch electric scooters in the mid-price segment and in the economy segment to extend our Vida range," Gupta said in an interaction on the sidelines of the Hero World 2024 event here. Further, he said, "We will be launching another electric two-wheeler in the B2B last mile delivery segment, which is a big segment," he added. On the possibility of launching electric bikes through the company's tie up with California-based Zero Motorcycles, he said it will take some time as the market is still developing in India and is still costly. However, he said the technology from the partnership will be used to develop electric ...
The company highlighted India and the Asean region as places where it aims to expand market share. Mihara said new production facilities will "highly likely" be in India and Southeast Asia
According to the company, the deal 'symbolises the essential role businesses play in reducing carbon emissions and embracing environmentally responsible transportation options'
The limited edition RV400 is available in stealth black colour and comes with high-end golden upside-down front forks
The dip in sales has come after electric two-wheeler manufacturers hiked the prices of their products by 15-18 per cent
Toyota will launch Camry in August this year which will run 100% on ethanol. The car will also generate 40% electric power
Electric two-wheeler segment leads the way with 61 per cent share in total EV sales
The new launches will be from the two significant companies already selling e-motorcycles -- Revolt Motor, the largest in this segment, and Tork Motor - as well as from others
"Now, we are in the execution phase for EVs. You will see products one after the other starting to come from 2025. When we come, it will be a disruptive motorcycle."
Company says bike has the most advanced battery pack in the industry
'It took us a long time because we started at a time when nobody even believed that electric vehicles would become possible. It was an uphill battle for us'
Supply-side glitches, impending govt regulations, fires, and delay in FAME II subsidy handout have forced start-ups to mothball ramp-up plans
The first stage of investment will roll out this year for a new factory in Rajasthan, where vendor units will invest another Rs 400 crore