Ultraviolette Automotive To Invest $100 Million In Next Few Years, Targets sales of 100,000 Units
- By Nilesh Wadhwa
- March 06, 2025
Bengaluru-based electric vehicle company Ultraviolette Automotive has revealed its ambitious plans for the future, which include the unveiling of the Tesseract e-scooter and Shockwave, a street-legal e-bike.
The new products will be available in Q1 of CY2026, with introductory prices starting INR 120,000 for the first 10,000 units and INR 149,999 for the first 1,000 units, respectively.
This marks a paradigm shift from the company's focus on premium, performance-oriented e-motorcycles, the F77 and F99. The idea is to reach out to a new set of customers looking for premium products that are affordable and tech-loaded.
Furthermore, in a conversation with Motoring Trends, Niraj Rajmohan, CTO, Ultraviolette Automotive, revealed that the company is looking to achieve sales of 100,000 units per annum in the next 3-5 years. For context, the company sold 257 units in 2023 and 407 units in 2024.
This also means that the company will be looking to expand its production capacity from the existing 30,000 units in Electronics City in Bengaluru. To date, the company has invested around USD 60 million, and it anticipates that it will further invest USD 70 million to USD 100 million in the next few years.
Furthermore, the company will launch around 9 new products across categories and variants in the next 3 years to meet a wide variety of customer needs.
YANGWANG Celebrates U9 Xtreme's 503.17 Kmph World Record With Dazzling Burj Khalifa Showcase
- By MT Bureau
- November 13, 2026
YANGWANG, BYD's flagship luxury new-energy vehicle marque, staged a high-profile celebration in Dubai to honour the U9 Xtreme's 503.17 kmph world-record top speed, headlined by a bespoke light and projection spectacle across the Burj Khalifa. The showcase drew an estimated 3,000 international media figures and VIP guests, assembling a global audience to mark advances in automotive performance, technological innovation and brand growth.
The record was set on 1 November 2026, when the all-electric hypercar hit 503.17 kmph (312.6 mph) along Sheikh Khalifa Bin Zayed International Road (E11) in Abu Dhabi's Al Dhafra Region. Two Guinness World Records followed: highest speed achieved by a production car in a single-direction run, and the equivalent honour for an electric production car. Motorsport's governing body, the FIA, has likewise acknowledged the result. Racing driver Marc Basseng piloted the machine past its own earlier 496.22 kmph (308.3mph) marker, posted at ATP Papenburg in Germany in September 2025.
That display anchored the evening, projecting the milestone onto one of the planet's most photographed structures, while supporting brand activities allowed attendees to explore YANGWANG and the engineering underpinning its record-setting model. The U9 Xtreme, in the brand's view, embodies an ongoing push to test how far new-energy technology can stretch automotive limits.
The same evening saw the World Branding Awards trophy presented to BYD Executive Vice President Stella Li, following BYD's selection as Brand of the Year in the Automobiles category at Global Tier. The World Branding Forum, which runs the programme, weighs brand valuation, consumer market research and public online voting, with Global Tier status reserved for international brands active in at least 10 countries across three or more continents; the honour was first conferred at Hampton Court Palace in London on 3 November. The Dubai gathering sat within a broader UAE celebration programme that included a 110-vehicle parade of YANGWANG, DENZA and BYD models in Abu Dhabi on 7 November, led by the U9 Xtreme from West Park to Emirates Palace.
Stella Li, Executive Vice President, BYD, said, “Reaching 503.17 kmph with the U9 Xtreme demonstrates what electric performance can achieve and reflects our engineers’ determination to push beyond established boundaries. At the same time, being named Global Brand of the Year in Automobiles is also a recognition of the trust our customers place in BYD. These achievements inspire us to keep exploring what technology can make possible, from extraordinary performance to sustainable mobility that makes a meaningful difference in people’s everyday lives.”
- Delhivery
- Tata Motors
- Euler Motors
- Montra Electric
- Tata Intra EV
- Turbo City Plus
- EVIATOR
- Prashant Gazipur
Delhivery Partners Tata Motors, Euler Motors And Montra Electric To Deploy 2,000 EVs
- By MT Bureau
- November 13, 2026
Delhivery has signed Memoranda of Understanding (MoUs) with Tata Motors, Euler Motors and Montra Electric to deploy between 1,500 and 2,000 electric four-wheelers across its intra-city logistics network over the next 12 to 18 months. The agreements form part of the company's plan to deploy nearly 5,000 electric vehicles within three years and fully electrify its intra-city fleet operating under 200 kilometres per day within four to five years, starting with a rollout in Delhi-NCR.
At present, electric vehicles account for 12 to 13 percent of Delhivery's intra-city fleet. Through advance payments for vendors and investments in charging and parking facilities at its hubs, the company plans to increase that share beyond 50 percent over the next two to three years.
Under the partnerships, Delhivery will induct the Tata Intra EV from Tata Motors, begin deployments with the Turbo City Plus from Euler Motors before adding payload-capacity models and expand nationwide operations of Montra Electric's EVIATOR across its network.
Prashant Gazipur, COO – In City Operations, Delhivery, said, “Scaling fleet electrification means finding solutions that work across the diverse needs of our network without compromising operational efficiency. Partnering with Tata Motors, Euler Motors and Montra Electric lets us expand our electric fleet across vehicle categories. The charging facilities we are piloting will make EV adoption easier and more affordable for our vendor partners.”
- GreenLine Mobility Solutions
- Essar Group
- Kirloskar Ferrous Industries
- Madhur Taneja
- LNG
- electric truck
GreenLine Deploys Electric Trucks For Kirloskar Ferrous Logistics Operations
- By MT Bureau
- November 12, 2026
GreenLine Mobility Solutions, an Essar Group venture, has entered into a partnership with Kirloskar Ferrous Industries to deploy electric trucks for the manufacturer's logistics operations.
The initiative began with the flag-off of electric trucks at Kirloskar Ferrous' facility in Taloja, Navi Mumbai, integrating electric transport into the company's goods movement.
At present, GreenLine operates a fleet of more than 1,200 liquefied natural gas and electric trucks across freight corridors in India, serving sectors including steel, cement, mining, fast-moving consumer goods and chemicals. The fleet has recorded over 100 million kilometres of operations, reducing carbon dioxide emissions by more than 30,000 tonnes for its clients.
Madhur Taneja, CEO, GreenLine Mobility Solutions, said, “At GreenLine, we are focused on advancing lower-emission freight transportation through solutions suited to different logistics requirements. LNG continues to play an important role in our approach to decarbonising long-haul transportation, while electric trucks offer opportunities in applications suited to electric mobility. Our partnership with Kirloskar Ferrous marks a further step in expanding our electric truck deployments and working with businesses to integrate cleaner transportation solutions into their supply chains.”
“Electrifying inter-plant logistics is where sustainability meets operational excellence, driving higher efficiency, lower costs and a cleaner future” said the Kirloskar Ferrous Industries leadership team.
Nawgati Named Among Top 10 Finalists at UAE-India Startup Series 2.0
- By MT Bureau
- November 12, 2026
Noida-headquartered fuel-tech startup Nawgati has been selected among the top 10 finalists from over 11,000 applicants for the UAE-India Startup Series 2.0, organised by the UAE-India CEPA Council. The selection qualifies the company to present at the Final Pitch Event in Bengaluru on 17 and 18 November 2026.
Founded in 2019 by Vaibhav Kaushik, Aalaap Nair and Aryan Sisodia, Nawgati operates an artificial intelligence (AI) and Internet of Things (IoT) platform for fuel retail and gas companies, dealers and government agencies.
Its on-site controllers connect fuel dispensers, cameras and billing systems to detect safety risks, procedure breaches and non-compliant vehicles, enabling operators to intervene in operations across stations in India.
Vaibhav Kaushik, Co-Founder and CEO, Nawgati, said, “We are honoured to be selected among the top 10 from over 11,000 applicants for the UAE-India Startup Series 2.0, and we thank the UAE-India CEPA Council for this recognition. We have built Nawgati for the person in the driver’s seat. When a station runs smoothly, drivers spend less time stuck in queues, find fuel more reliably, and get clear, real-time information before they even reach the pump. Seeing that difference across India is what motivates us most. We look forward to taking this experience to more drivers and more stations.”

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