Ultraviolette Automotive has raised USD 85 million in a funding round led by Yali Capital and TDK Ventures as it looks to scale up production of its existing and upcoming products and expand its presence in overseas markets, including the US in 2027, the electric two-wheeler maker announced on Wednesday. The Bengaluru-based company, which currently sells its products in India and 20 European countries, said international sales account for around 15 per cent of its overall volumes and are expected to rise to 25 per cent as it scales its global operations. The fresh capital will be deployed towards scaling manufacturing of its existing F77 and X-47 models, as well as upcoming products Tesseract and Shockwave, Ultraviolette CEO and co-founder Narayan Subramanian told PTI. "This is a growth-stage investment, and the capital will be deployed across multiple areas that will support the next phase of the company's expansion. "This includes scaling production for our current products F77 a
TVS says technology, safety and features are driving buyers towards higher-end variants, while easier finance is helping first-time buyers enter the premium segment.
Rising electric two-wheeler adoption, capacity expansion and a mass-market platform could drive Ather's growth, but competition and supply risks remain
Greaves Electric Mobility recorded 2,645 registrations and a 4.6 per cent market share in the first nine days of September, moving ahead of Ola Electric
Rural India accounts for 55% of 2W registrations, but EV penetration is nearly half that in cities
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The changes have reportedly been proposed by the Ministry of Road Transport and Highways, which has also proposed reducing headlamp intensity in cars to reduce glare from vehicle headlamps.
The deep-tech electric motorcycle maker will use the capital to scale capacity and distribution and broaden its product line with four launches over the next 12-24 months
MoRTH is considering phased safety rules for two-wheelers, including speed alerts, reflective tyres, pedestrian warnings and leg guards, to reduce road deaths
Greaves Electric Mobility aims to raise its electric two-wheeler market share above 10% as it expands products, distribution, exports and battery capabilities
A Western Sydney trial found that training, guided rides and social support were crucial in helping participants build confidence and use e-bikes more often for daily travel
During internal discussions, major 2W makers have cited concerns over the weight and accuracy of equipment used to measure RDE on the road, as its heaviness itself can increase emissions
Rising demand triggers high waiting period for major brands
Additional funding will extend incentives for electric two-wheelers until March 2028 as the government seeks to raise e2W penetration from the current 7.6 per cent to 9-10 per cent
Scooter sales outpaced motorcycles in Q1FY27 as EV adoption, lower GST, affordability and changing commuting preferences boosted demand across the segment
Hero MotoCorp stock rallied 7% in 2 days after the management said it expects the domestic 2W industry to sustain momentum, and sees double-digit industry growth in FY27.
But near-term margin pressurea major concern, analysts reckon
This price bracket currently accounts for 55-60 per cent share of the overall electric two-wheeler play in India. But Ather had been conspicuous by its absence in this e2W segment
Analysts say TVS Motor is well positioned to sustain its outperformance, supported by consistent market share gains, a strong premium product pipeline, robust EV momentum, and ongoing capex.