Electric two-wheeler startup Ultraviolette Automotive said on Tuesday it is open to licensing its battery technology, as the Qualcomm and TVS Motor‑backed company seeks to build a new, higher‑margin revenue stream.
EV startups face heavy cash burn from factory build-outs and the high cost of batteries and components.
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Licensing could provide capital to expand manufacturing and the product portfolio, giving companies more financial flexibility, indu… [1520 chars]
Source: Reuters | Published: 2025-09-23T14:25:12Z
Credit: Reuters
