TVS Motor Co has put some cash behind Bangalore-based electric two-wheeler and energy infrastructure specialist Ultraviolette Automotive, to help the start-up with its continued product engineering and R&D.
TVS Motor Co says Ultraviolette Automotive is engaged in developing top-of-the-line electric mobility solutions – and is currently developing an electric motorcycle that is capable of outperforming traditional ICE motorcycles in the 200-250cc segment. The investment from TVS will be used for continued product engineering and further expansion of Ultraviolette Automotive’s core R&D team and facility.
K Gopaladesikan, CFO at TVS Motor Company, said, “At TVS Motor Company, we are committed to creating offerings with best-in-class quality, cutting-edge technology and that delights the customer. As a responsible manufacturer, we see immense promise in Ultraviolette Automotive’s vision of bringing innovative and sustainable electric vehicles in India. Ultraviolette Automotive has made significant progress in their product engineering in a short span of time and we are confident that they will build a product that will pave the way for electric mobility in the country.”
Narayan Subramaniam, founder and CEO of Ultraviolette Automotive said, “This investment is a validation of TVS Motor Company’s faith in our product and the progress we have made so far with our motorcycle. We are building a high-performance, electric motorcycle that brings together the best of technology and design to deliver an unmatched user experience. The motorcycle will be enabled with smart features such as on-board diagnostics, preventive maintenance, over-the-air upgrades and ride customisation. We believe that TVS Motor Company’s continued support will go a long way in realising our goal of delivering a superior electric vehicle in India.”
Niraj Rajmohan, founder and CTO of Ultraviolette Automotive, said, “We see great long-term synergy in our partnership with TVS Motor Company, considering the rich heritage and decades of industry experience they bring, and the innovations in design and technology at Ultraviolette Automotive. With this investment, we are looking to ramp up the development of high-end electric powertrains, battery modules and connected technology.”