Wednesday, 6 June 2018

CORRECTING AND REPLACING ULTRAVIOLETTE AUTOMOTIVE DEVELOPS INDIA'S FIRST ECOSYSTEM OF HIGH PERFORMANCE ELECTRIC MOTORCYCLES AND FUTURE-READY ENERGY INFRASTRUCTURE

BANGALORE, June 1 (Bernama-BUSINESS WIRE) -- Please replace the release dated May 30, 2018 with the following corrected version due to multiple revisions.
 
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180529005790/en/ 


The corrected release reads:

ULTRAVIOLETTE AUTOMOTIVE DEVELOPS INDIA’S FIRST ECOSYSTEM OF HIGH PERFORMANCE ELECTRIC MOTORCYCLES AND FUTURE-READY ENERGY INFRASTRUCTURE

Ultraviolette Automotive Pvt. Ltd., an innovator in sustainable mobility and energy infrastructure, today confirmed that it is developing India’s first ecosystem of high performance electric motorcycles and future-ready energy infrastructure to accelerate the adoption of electric vehicles across India.

As part of its comprehensive EV roadmap, Ultraviolette Automotive, which recently raised Series A funding from TVS Motor Company, is currently building a motorcycle, that is driven by progressive design and energy efficient technology. This motorcycle will outperform traditional ICE motorcycles in the 200-250 CC segment. Along with this, Ultraviolette is also setting-up a first-of-its-kind energy infrastructure that will ensure availability of energy–on-the-go.

Narayan Subramaniam, Founder and CEO, Ultraviolette Automotive Pvt. Ltd. said, “Our aim is to create excitement around the capabilities of electric vehicles and consequently increase preference for electric vehicles in the country. To realize this goal, we believe electric vehicles have to go beyond the purpose of basic commute and convenience, to being desirable and aspirational. At Ultraviolette, we are working on creating an unmatched experience and a robust EV ecosystem that will surpass traditional ICE motorcycles in every aspect including design, performance and durability. In addition to this, we are also solving challenges associated with range anxiety and energy availability.”

“As part of developing India’s first ecosystem of high performance electric motorcycles and future-ready energy infrastructure, we are in conversations with global strategic partners and investors to ramp up manufacturing and charging infrastructure. We will unveil the motorcycle and energy infrastructure in Q4, 2018,” said Niraj Rajmohan, Founder and CTO, Ultraviolette Automotive Pvt. Ltd. 

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