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EV startup Ultraviolette's FY22 loss widens to Rs 1.81 Cr as expenses rise

YourStory LogoYourStory2w ago

EV startup Ultraviolette's FY22 loss widens to Rs 1.81 Cr as expenses rise - YourStory

Quick Summary:

Founded by Narayan Subramaniam and Niraj Rajmohan in 2015, Ultraviolette’s F77 e-motorbike series comes in three variants—Airstrike, Shadow and Laser.

The top speed of the bikes is 152 kmph, and are priced from Rs 3.80 lakh to Rs 5.50 lakh (ex-showroom).

Employee benefits were Ultraviolette's most significant cost contributor, according to the company's filings with the Ministry of Corporate Affairs.The company spent Rs 1.70 crore on employee benefits, compared to Rs 45.6 lakh in the same period a year earlier.


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Article Details

Author / Journalist: Aparajita Saxena ( )

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 11:27:47 (2 weeks ago)

News Timezone: GMT +8:00

Ranking: #1147 (out of 10041 stories this day)

News Source URL: yourstory.com

Language: English

Article Length: 123 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 4772301

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About YourStory

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 9 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 16 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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