Ultraviolette Eyes ₹373 Cr Series E Raise to Build 2.5 Lakh-Unit BIGGA Factory
Ultraviolette Automotive is reportedly raising ₹373.04 crore in additional Series E funding as it plans more than ₹1,000 crore in manufacturing investment. Its upcoming BIGGA facility is designed for initial annual capacity of 2.5 lakh electric two-wheelers, scalable to 5 lakh, supporting mass-market launches and exports.
What happened
Ultraviolette Automotive · Ultraviolette plans to raise ₹373.04 crore in ongoing Series E funding while investing over ₹1,000 crore to expand manufacturing. Its
Key facts
- ₹373.04 Cr additional Series E funding
- More than ₹1,000 Cr planned manufacturing investment
- ₹800 Cr for BIGGA Factory
- BIGGA initial capacity: 2.5 lakh vehicles annually
- BIGGA scalable capacity: 5 lakh vehicles annually
What changed
Ultraviolette plans to raise ₹373.04 crore in ongoing Series E funding while investing over ₹1,000 crore to expand manufacturing. Its BIGGA factory will initially produce 2.5 lakh electric two-wheelers annually, supporting new mass-market products and export ambitions.
Why this matters
Ultraviolette’s planned BIGGA factory signals a major shift toward high-volume EV execution, requiring disciplined supply-chain, quality, and workforce scaling to reach 2.5 lakh units annually.
What to watch
- Series E completion, amount raised versus the reported ₹373.04 crore target, and whether strategic automotive investors participate.
- A named BIGGA site, capex phasing, construction start date and first-production timeline.
- Order-book growth, monthly registrations and delivery lead times following new product launches.
- Retail footprint growth, especially service-center density and parts turnaround outside Bengaluru and top metros.
- Pricing and specifications of any mass-market model relative to established electric scooter and motorcycle competitors.
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