Ultraviolette to invest Rs 200 crore in new Karnataka EV plant for expansion

Ultraviolette Automotive, an electric motorcycle manufacturer based in Bengaluru, has announced a phased investment of over ₹200 crore in Karnataka over five years. The company signed a Memorandum of Understanding (MoU) with the Government of Karnataka to expand its manufacturing capacity in the state. The agreement was formalized during the 'Invest Karnataka' Conclave in Bengaluru, attended by Shri M. B. Patil, minister for large & medium industries.

Key Highlights

• Ultraviolette to invest over Rs 200 crore in Karnataka over five years
• A new plant planned with annual capacity of 150000 electric motorcycles
• Government incentives include PLI funding and fast-track support
• The company aims to reach 100 Indian cities by 2026 and expand globally

Investment and Expansion Details

The expansion will occur in two phases. In the first phase, Ultraviolette will increase production at its current facility in Karnataka, with an investment of Rs 200 crore. The second phase will see the construction of a new manufacturing plant designed to produce up to 150,000 units annually. These initiatives aim to create jobs, strengthen local supply chains, and drive innovation in the electric mobility sector.

The Government of Karnataka has proposed incentives for Ultraviolette's project. These include Production-Linked Incentive (PLI) funding and expedited administrative support. The state government views this MoU as part of its strategy to attract high-value clean mobility investments to Karnataka.

Company Background and Market Presence

Ultraviolette Automotive was founded in Bengaluru in 2016. The company currently offers the F77 performance motorcycle and the X-47 Crossover. It has established over 40 experience centers across India and plans to expand to 100 cities by the end of 2026.

Internationally, Ultraviolette has entered 12 European countries, becoming the first Indian electric two-wheeler manufacturer to do so. The company also plans further expansion in Asia and Latin America.

Leadership and Strategic Focus

CEO and Co-founder Narayan Subramaniam stated that the expansion shows confidence in Karnataka's policy environment and electric vehicle ecosystem. CTO and Co-founder Niraj Rajmohan highlighted the state's engineering talent and proximity to industrial hubs as key reasons for continued investment.

Ultraviolette's investor base includes Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors, and Speciale Invest. The company's growth aligns with Karnataka's broader goals for clean mobility and local industry development.

Also Read: Ultraviolette partners with Bolt Earth to strengthen Type-6 EV charging network across India

Conclusion

With a Rs 200 crore investment and a new manufacturing hub in Karnataka, Ultraviolette is reaffirming its commitment to revolutionizing India’s EV segment. The expansion will not only enhance production capacity but also accelerate innovations in electric mobility. As demand for sustainable transportation surges, Ultraviolette’s strategic move positions it strongly in the nation’s fast-evolving EV landscape.