The Ultraviolette F77, the highly anticipated new performance electric bike of India, takes another step towards mass production today. Bengaluru-based Ultraviolette Automotive, led by Narayan Subramaniam and Niraj Rajmohan has secured a new investment from GoFrugal Technologies as part of Series B funding.
Ultraviolette Automotive hasn’t disclosed the amount it has raised from GoFrugal Technologies but says it now wants to expand the team and build manufacturing capabilities. A recent report from livemint.com suggests that the company plans to utilise new funds in converting the pre-production Ultraviolette F77 electric bike into a production model. It wants to invest in the R&D of Lithium-ion battery technology and recruitment as well. GoFrugal Technologies’s funding is likely only a fraction of the $75 million the EV start-up plans to raise in 12-14 months to put its vehicle in the marketplace. ElectricVehicleWeb learned last year that Ultraviolette could launch another electric motorcycle post the F77 at a lower price.
Video Source: youtube.com/Ultraviolette Automotive
As the country moves towards smarter and sustainable transportation solutions, Ultraviolette Automotive is playing an distinct role in shaping the perception of electric vehicles, and consequently driving its adoption in India. The F77 is an evocative and compelling mobility alternative for consumers in India and since the unveiling, the company has made significant progress towards launching the motorcycle in the market. We see immense promise in Ultraviolette Automotive’s vision of building high performance electric mobility solutions and leading the movement in transforming the future of mobility in the country.Kumar Vembu, CEO of GoFrugal Technologies.
The Ultraviolette F77 debuted in November last year and is by far the most exciting new electric vehicle in India with two wheels. Aimed squarely at performance bike enthusiasts (read as KTM and Husqvarna riders), it flaunts a sleek yet middleweight bike-style body and a forward-leaning design. The fighter jet-inspired electric bike uses a three-piece modular battery pack with an energy storage capacity of 4.2 kWh and a motor generating 25 kW (33.99 PS) of power and 450 Nm of torque.
The Ultraviolette F77 has three ride modes – Eco, Sport and Insane – and a 150 km range as claimed by the company. It can accelerate from 0-60 km/h in 2.9 seconds and from 0-100 km/h in 7.5 seconds. Its top speed is an impressive 147 km/h. For those interested in the smart features of the new electric bike, there’s NFC, LTE, GPS, Bluetooth and USB charging.
Due to the pandemic, the Ultraviolette F77 launch in India is facing a delay and is expected in the market in mid-2021. Prices will start at around INR 3 lakh (on-road) when it eventually comes out next year. You can catch our list of upcoming electric bike models in India to check for vehicles at a lower price point.