TVS has recently invested Rs. 6 crores in Ultraviolette Automotive and now owns 14.78 percent stake in it.
Ultraviolette Automotive is a Bengaluru based innovator in sustainable mobility and energy infrastructure. The company has been working on electric vehicles and will launch its first electric motorcycle in India by the end of 2019.
The Ultraviolette electric bike will have enough power to compete with 200-250cc segment bikes while also being more energy efficient and green. It will also have a radical looking design to match the technology that it will employ. Talking about technology, it will have on-board diagnostics, over-the-air updates, preventive maintenance and ride customisation options, which happen to be similar to the Ather 450 scooter.
Another good news is that the company is not in the early stages of developing this bike. The development of the motorcycle is now in the more advanced phases and Ultraviolette is already in the process of finalising suppliers and technical specifications.
The series A funding from TVS is also a proof of the good work the people at Ultraviolette Automotive are doing. It will be further ramping up the development of its high-end electric powertrains, battery modules and connected technology. The powertrain and the battery management system of the new electric bike have been designed indigenously while the raw materials for the battery will be sourced from local suppliers.
While TVS has taken a back foot from developing its own electric vehicles, its investment in Ultraviolette might see some technology sharing happening when it finally launches its own electric 2-wheelers.
Ultraviolette Electric Bike
– The bike will be launched in India by the end of 2019
– It will have power to compete with 200-250cc bikes
– Will have advanced features like preventive maintenance and over-the-air updates