High-performance electric vehicle (EV) manufacturer Ultraviolette Automotive announced a landmark Memorandum of Understanding (MoU) with the Government of Karnataka.
Signed during the ‘Invest Karnataka’ Conclave in Bengaluru, the agreement outlines a massive five-year investment roadmap to cement Karnataka’s position as the “EV Capital of India” while scaling Ultraviolette’s production for global markets.
The Expansion Roadmap: A Two-Phase Strategy
The investment is designed to transition Ultraviolette from a niche performance brand to a high-volume global manufacturer.
- Phase I: Capacity Augmentation
- Investment: ₹200 crore.
- Focus: Scaling up the existing “Smart Factory” in Bengaluru to meet immediate domestic demand for the F77 and X-47 models.
- Phase II: The Mega-Plant
- Scale: Construction of an entirely new greenfield manufacturing facility.
- Output: Designed to produce 150,000 units annually.
- Impact: This phase will focus on “deep-tech” localization, including in-house battery assembly and drivetrain calibration.
Strategic State Support
The Government of Karnataka, represented by Minister M. B. Patil, has committed to a “fast-track” facilitation package to ensure the project meets its 2030 targets.
- Fiscal Incentives: Access to state-level Production-Linked Incentive (PLI) funding.
- Infrastructure: Support for land allotment and dedicated power/water utilities for the new plant.
- Talent Pipeline: Leveraging Bengaluru’s status as an engineering hub to create thousands of specialized “green-collar” jobs.
Global Ambitions: From Bengaluru to the World
The expansion is timed to support Ultraviolette’s aggressive international rollout.
- European Footprint: Already present in 12 European countries, Ultraviolette is the first Indian e-2W brand to successfully navigate Euro-market homologation.
- Market Reach: With plans to hit 100 Indian cities by the end of 2026, the company is now eyeing entries into Latin America and Southeast Asia.
- Blue-Chip Backing: The expansion is supported by a heavy-hitting investor stable including Qualcomm Ventures, TDK Ventures, Zoho Corporation, and TVS Motors.
“This expansion reflects our confidence in Karnataka’s policy environment. Proximity to industrial hubs and a rich concentration of engineering talent make this the ideal base for our global journey.” — Narayan Subramaniam, CEO & Co-founder, Ultraviolette.