India, Nov. 20 -- EV bike maker Ultraviolette continued to bleed heavily in the fiscal year FY25 despite registering a notable uptick in its top line. The EV maker's loss for the fiscal year under review zoomed 89% to INR 116.3 Cr from INR 61.6 Cr loss incurred in the previous fiscal year.

In the same time frame, the startup's operating revenue surged 114% to INR 32.3 Cr from INR 15.1 Cr in the previous fiscal year. In this, sales of its bike portfolio, which includes F77 Mach 2, F77 SuperStreet, X47 Crossover, Shockwave, and Tesseract, brought in INR 28.9 Cr. Meanwhile, the startup also earned INR 1.6 Cr from servicing and INR 1.1 Cr from sales of accessories in the fiscal year.

Along with other income of INR 3.8 Cr, the startup's tota...