In a strategic manoeuvre poised to redefine the landscape of electric mobility, Ultraviolette Automotive, a pioneering force in electric vehicle (EV) platforms and battery technology, has announced the appointment of Ajay Shanker as its new Chief Financial Officer (CFO). With over 25 years of experience in significant financial roles across various industries, Shanker’s most recent position as CFO of Schneider Electric’s International Business GSC showcases his unparalleled expertise. This pivotal appointment signifies Ultraviolette’s ambitious push towards a future filled with expansion and innovation.
Narayan Subramaniam, CEO & Co-Founder of Ultraviolette, hailed Shanker’s appointment as a cornerstone for the company’s evolution into a global scale product company with diverse business verticals. Shanker’s strategic insight and extensive experience are viewed as essential in navigating Ultraviolette through the dynamic landscapes of electric mobility. “Ajay’s vision perfectly aligns with our ambition to not just participate but lead the electric mobility race,” Subramaniam stated, emphasizing the strategic alignment between Shanker’s expertise and Ultraviolette’s future trajectory.
Shanker, on his part, expressed his enthusiasm for Ultraviolette’s vision, citing the company’s innovative edge, global talent pool, competitive positioning, and clear vision for the future as the key drivers that attracted him to the role. “I am thrilled to be part of a team that is set to revolutionize electric mobility and lead the future of sustainable transportation,” Shanker remarked, highlighting his commitment to Ultraviolette’s ambitious goals.
Niraj Rajmohan, CTO & Co-Founder of Ultraviolette, emphasized that Shanker’s deep-rooted expertise in financial strategy and growth management will be central to the company’s mission of revolutionizing electric mobility. “Ajay’s appointment comes at a crucial time when our company is gearing up for significant expansion and innovation,” Rajmohan noted, referencing Ultraviolette’s recent success with the AUTOCAR Award-winning F77 electric two-wheeler.
The electric vehicle sector stands poised for a major transformation, with Ultraviolette Automotive leading the charge with its innovative platforms and battery technology. Shanker’s role as CFO is envisioned to solidify Ultraviolette’s financial foundations, enabling it to scale new heights in the electric mobility domain. His extensive experience across various global markets is poised to give Ultraviolette a competitive edge in its quest for global expansion.
As Ultraviolette Automotive embarks on this new chapter, the road ahead is filled with potential challenges and opportunities. Shanker’s strategic financial leadership will be crucial in navigating the complexities of global markets and steering the company towards sustainable growth. With a clear vision and a strong team at its helm, Ultraviolette is set to redefine the future of electric mobility, driving the global transition to sustainable transportation.
The appointment of Ajay Shanker as CFO is not just a new beginning for Ultraviolette but a bold statement of its intent to lead the electric mobility revolution. With Shanker’s financial acumen and strategic insight, Ultraviolette is well-positioned to achieve its ambition of becoming a global scale product company, innovating for a greener, more sustainable future.
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