The company is set to diversify its product portfolio before going public. By the time of its IPO, Ultraviolette expects to have four different segments in the market, including electric scooters. This expansion is key to ensuring a strong foundation for sustainable growth. “Given our road map, we should have four different segments, including scooters, in the markets at that point. And I think that is the right time to look at an IPO scenario,” Subramanyam said in an interview to CNBC-TV18.
Ultraviolette has been scaling rapidly in India. From operating in just one city—Bangalore—until October 2024, the company has expanded to 15 cities across the country within five months. “From Chennai in the south to Delhi in the north, Patna in the east to multiple showrooms in Gujarat on the west, we’ve covered 15 cities across India. By the end of 2025, we should be in 50-plus cities,” he stated.
In addition to expanding its domestic footprint, the company is also preparing for new product launches. “We will be launching new products in Q1 2026,” Subramanyam said, without revealing further details.
The year 2025 will also mark Ultraviolette’s first foray into global markets. Having already secured certification and homologation for Europe, the company is set to begin exports, with its F77 electric motorcycles making their way to Germany, Italy, Spain, France, and the UK.
Beyond Europe, the company is looking at Latin America and parts of Asia as key international markets. “We are looking at Europe to begin with. We are looking at Latin America, where there is a lot of interest. We are also looking at parts of Asia. So, these are key markets that we would focus on in the next 24 to 36 months,” Subramanyam noted.
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