Ultraviolette Automotive, an electric two-wheeler manufacturer, is planning an IPO to raise approximately $500 million (Rs 4,343 crore) and is targeting a listing in 2026-2027. The company is backed by TVS Motor and Qualcomm Ventures.

Ather Energy would be competing with Ultraviolette Automotive… more than competing with Ola, Bajaj and TVS. Ather’s only problem is that they are very slow – eg – in 10 yrs they have still not migrated to building motorcycle.

Ather Energy Scooters are a motorcycle hiding under a scooter’s inefficiencies like smaller wheels, smaller wheelbase, tiny shock absorbers and thus Ather has not yet realized its true potential.

Only after building their first motorcycle will Ather Energy avail the true benefits which the company truly deserves and can ONLY then compete with Ultraviolette.

India, South East Asian countries and to a certain extent African countries have a insanely HUGE 2wheeler market which will welcome and accommodate all new Electric 2 Wheeler makers similar to Ultraviolette Automotive.

The plus point is such beautiful Electric Vehicle will be welcomed in Europe & USA and Latin American countries.