Bengaluru-based electric vehicle company Ultraviolette has started deliveries of its F77 high-performance electric motorcycle. It is delivering the first batch of e-bikes to customers at its manufacturing facility in Bengaluru. With deliveries underway, the company is now looking to establish dealerships across the country with the goal of making it easier for customers to buy and service their bikes.
Not only domestically, the company also hopes to expand its global presence by entering new international markets where there is a growing demand for high-performance electric motorcycles. “The F77 is the result of our quest to create an electric motorcycle that is compelling by all parameters. We can’t wait for customers across India to experience the F77 and we are firmly committed to taking the brand globally,” said Ultraviolette Chief Executive Officer Executive and co-founder Narayan Subramaniam said.
Also read: Ultraviolet F77 electric motorcycle first ride review
To support its next phase of growth, the EV startup plans to raise $120 million in a new funding round. It will use the funds to fuel its global expansion plans and support ongoing vehicle platform development efforts. Since its inception, the company has raised over $55 million from investment firms including Europe-based EXOR Capital, US-based Qualcomm Ventures, TVS Motor Company, Zoho Corp, Gofrugal Technologies, and Speciale Invest.
The F77 high-performance electric motorcycle is priced at ¥380,000 (ex-showroom) and available in three forms – Airstrike, Shadow and Laser. There are two variants of each form – the F77 and the F77 Recon, with IDC ranges of 206km and 307km respectively. The bikes can be pre-ordered through the company’s official website.
Ultraviolette is developing another e-bike platform, the F99 Factory Racing Platform, unveiled in January at Auto Expo 2023, marking its foray into electric motorsports.
First published date: Feb 28, 2023 at 11:26 AM CST