Ultraviolette Automotive has announced that it will commence public test rides of the F77 electric sportbike in September, while the commercial launch will take place by the end of 2022. The EV maker has also informed that it has managed to receive over 65,000 pre-order interests for its bike from India, as well as the USA, and European countries.
In other developments, the EV maker also shared that it has secured fresh funding from EXOR Capital. The latest investment is part of the ongoing Series D funding round, with EXOR Capital as the lead investor.
While the company is yet to announce the exact launch date for its F77 electric sports bike which has been under development for a long time now, Ultraviolette has announced that the latest funds will be invested in the expansion of the start-up’s presence throughout the country. Moreover, the company will also plan ‘subsequent expansion in international markets.
“We are thrilled to have Exor Capital as our investor and believe we have found the perfect partner in them given their multi-generational, entrepreneurial experience of working with some of the world’s most admired and loved brands. With this investment, we now have a diversified group of prominent Indian and international institutional investors backing us in our journey and vision of shaping a new era of mobility not just in India but in global markets as well,” says Narayan Subramaniam, Co-Founder, and CEO, Ultraviolette.
The F77 is pitted as India’s first high-performance electric motorcycle sporting an acceleration of 0-60 km/h in just 2.9 seconds. while topping speed up to 140 km/h. The EV maker further claims that the F77 has a full charge range close to 200 km. In terms of features it gets remote diagnostics, over-the-air (OTA) upgrades, regenerative braking, multiple ride modes, and much more.