Electric vehicle manufacturer Ultraviolette Automotive has signed a Memorandum of Understanding (MoU) with the Government of Karnataka, outlining a proposed five-year investment plan to expand its manufacturing capacity within the state. The agreement was formalised on the sidelines of the 'Invest Karnataka' Conclave in Bengaluru, in the presence of Shri M. B. Patil, Minister for Large & Medium Industries, Karnataka.
The expansion is structured in two phases. The first phase involves augmenting production capacity at Ultraviolette's existing facility in Karnataka, with a proposed investment of ₹200 crore. The second phase entails the construction of a new manufacturing plant in the state, designed to produce up to 150,000 units annually. Together, the initiatives are expected to generate employment, deepen local supply chains, and support innovation within the electric mobility sector.
As part of the agreement, the Government of Karnataka has proposed incentive support for the project, including Production-Linked Incentive (PLI) funding and fast-track administrative facilitation. The state government has positioned the MoU as consistent with its broader policy framework aimed at attracting high-value clean mobility investment to the region.
Narayan Subramaniam, CEO and Co-founder of Ultraviolette, said the proposed expansion reflects confidence in Karnataka's policy environment and EV ecosystem. Niraj Rajmohan, CTO and Co-founder, noted the state's concentration of engineering talent and proximity to industrial hubs as key factors in the company's continued investment in the region.
Founded in Bengaluru in 2016, Ultraviolette currently offers the F77 performance motorcycle and X-47 Crossover, and has established more than 40 experience centres across India, with plans to reach 100 cities by the end of 2026. The company has also expanded internationally, with its motorcycles present in 12 European countries — making it India's first electric two-wheeler manufacturer to enter the European market. Future international expansion is planned across Asia and Latin America.
Ultraviolette's investors include Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors, and Speciale Invest.