Ultraviolette X-47 and F77 price got reduced by BaaS

Ultraviolette Automotive has introduced the new battery subscription model called Battery Flex. The initiative aims to make the X-47 and F77 bikes more affordable by separating the cost of the battery from the price of the bike.

Under the new subscription model, customers can purchase the X-47 for Rs. 1.49 lakh, although the battery can be subscribed to at a starting price of Rs. 2,499 per month. After customers finish paying monthly EMIs for the battery during the financing period, battery ownership will be transferred to them at no additional cost.

The company has partnered with Ecofy, a green-focused, non-banking financial company (NBFC), to offer battery financing. Ultraviolette says the collaboration is intended to accelerate the adoption of electric mobility in India by making advanced EV technology easier to own.

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