Zoho-Backed Ultraviolette Reports ₹ 32 Cr Revenue, ₹ 116 Cr Loss in FY25

Ultraviolette Automotive, an EV-two-wheeler maker backed by Zoho, more than doubled its scale but widened its losses significantly in FY25. Its operating revenue rose to ₹32.3 cr (vs ₹15 cr in FY24), but costs surged — especially material costs, employee benefits and R&D — pushing the net loss to ₹116 cr. The margin pressure highlights the challenge in scaling high-performance EV startups without hitting steep input costs. (Entrackr)