I did not mean that the full supply voltage is applied to the motor at low speed. Like the older switched resistor system, the 319/769 traction controller (GTO thyristor chopper) drops the motor voltage to a low value when starting, in order to limit the current to that needed for the required torque, per the driver-selected "notch". This avoids motor overheating or wheelspin, but with lower losses than switched resistors.
When the motor is stalled, its efficiency is zero. The electrical power it absorbs (motor voltage*current) is entirely dissipated as heat in the field and armature windings. As the train accelerates, the motor armature starts to generate a back emf that tends to reduce the current. The controller compensates by increasing the motor voltage to maintain the current and torque, similar to switching out resistance in a traditional controller. With the same current, the resistive heat loss in the windings (I squared R) is still the same, but the motor is absorbing more power due to the higher voltage. This is mainly turned into mechanical shaft power (back emf*current). Therefore the motor efficiency rises progressively with increasing speed.
Once the speed is reached at which the full supply voltage can be switched to the motor, further acceleration causes the motor current to start to fall. The resistive losses then reduce with the square of the current, whereas the power input reduces linearly with current. So motor efficiency continues to increase with speed.