The Bengaluru-based two-wheeler maker, backed by TVS Motor, Qualcomm Ventures and Zoho Corporation, had earlier been targeting to reach break-even in 2026.

Ultraviolette targets 10,000 monthly sales, a new Hosur plant and 100 stores by Q1 2027.

Bengaluru: Electric two-wheeler maker Ultraviolette is targeting EBITDA breakeven in 2028 even as it plans to widen its horizons by entering new international markets, including the US, the company’s top executive told ETAuto. “We expect to be at operational breakeven towards the end of next year, and sometime through 2028, we are looking at EBITDA breakeven,” said Narayan Subramaniam, Co-Founder and CEO of Ultraviolette. The Bengaluru-based startup, backed by TVS Motor, Qualcomm Ventures and Zoho Corporation, had been earlier targeting to reach the break-even in 2026. Advt

The company, which currently has presence in pan-India and in 20 European countries, is planning to enter the US market in 2027, while also evaluating opportunities in Latin America and Southeast Asia as part of its international expansion strategy. "We are looking at Latin America and the US as well," Subramaniam said. Ultraviolette’s international business currently contributes around 15 per cent of its overall volumes, with Europe accounting for the bulk of its overseas presence. However, as part of its expansion, it expects the share to rise to approximately 25 per cent over the years. With the recent $85 million funding round in September, led by Yali Capital and TDK Ventures, the company plans to expand its production, develop new electric vehicle platforms, and pursue international market expansion.

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