Bengaluru-based EV manufacturer Ultraviolette has announced a new initiative to make its X-47 crossover more accessible to riders. Launched on March 5, 2026, the company introduced ‘Battery Flex’, an innovative Battery-as-a-Service (BaaS) model.
This new offering significantly lowers the barrier to EV entry, allowing customers to own the Ultraviolette X-47 at a starting price of just ₹1,49,000.

To make this ownership model possible, Ultraviolette has partnered with Ecofy, a green-focused non-banking financial company (NBFC) specializing in climate-positive adoption. Under the Battery Flex model, buyers pay for the motorcycle chassis upfront while financing the battery through a separate, steady monthly subscription.

The battery subscription begins at ₹2,499 per month. According to Ultraviolette CEO and Co-founder Narayan Subramaniam, this monthly operating cost is lower than average petrol expenses, redefining affordability in the motorcycling segment. He also noted that previously, at ₹2.5 lakh, the motorcycle was at price parity with similarly powered internal combustion engine (ICE) motorcycles. Now, at ₹1.5 lakh, riders gain access to superior technology and performance.
The Battery Flex model highlights Ultraviolette’s commitment to building technology that adapts to customer needs, ensuring that their years of battery R&D reach a wider audience.
Q: What is the starting price of the Ultraviolette X-47 with Battery Flex?
A: With the new Battery Flex initiative, customers can own the Ultraviolette X-47 starting at ₹1,49,000.
Q: How much does the monthly battery subscription cost?
A: The monthly subscription for the battery begins at just ₹2,499.
Q: Do I ever fully own the battery?
A: Yes, at the end of the subscription period, the ownership of the battery is transferred to the customer at no additional cost.
Q: Who is financing the Battery Flex program?
A: Ultraviolette has partnered with Ecofy, India’s green-only NBFC, to provide the Battery-as-a-Service financing.
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Read the full article: Ultraviolette X-47 Now Available at ₹1.49 Lakh With Battery Flex Option