Ultraviolette plans rapid expansion, new product lines & global market entry
Electric mobility startup Ultraviolette Automotive is preparing for a public listing within the next two to three years, with plans to raise between $400 million and $500 million through the IPO. The Bengaluru-based company aims to use the proceeds to fuel its aggressive growth strategy, both in India and overseas.
Ahead of its market debut, Ultraviolette intends to expand its product portfolio significantly. The company is targeting four distinct product segments, including electric scooters, by the time of the IPO. This diversification is seen as crucial for establishing a broad market presence and ensuring long-term scalability.
Ultraviolette has seen rapid domestic growth in recent months. After operating solely in Bengaluru until late 2024, the company has since expanded to 15 cities across India, with plans to reach over 50 cities by the end of 2025. The growth spans key regions across the country, including metros and tier-2 cities.
In addition to its expansion in India, Ultraviolette is gearing up to launch new models, with fresh products expected to arrive in early 2026. The company is also eyeing international markets, with 2025 set to mark its entry into Europe. With homologation and regulatory approvals already secured, Ultraviolette’s flagship F77 electric motorcycle is set to be exported to countries like Germany, France, Spain, Italy and the UK.
Beyond Europe, the company is evaluating opportunities in Latin America and select parts of Asia. These regions are expected to play a significant role in Ultraviolette’s global strategy over the next two to three years, aligning with its broader vision of becoming a global EV brand.
With strong momentum in both domestic and international markets, Ultraviolette is positioning itself for a sizeable IPO that could support its ambitions of becoming a key player in the global electric mobility space.
