PURE EV

PURE EV

Manufacturer of multiple categories of electric-two-wheelers

Founded

2015

Headquarters

Hyderabad (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

+91-18001029667

PURE EV is an electric two-wheeler manufacturing company that originated from IIT Hyderabad. The company manufactures electric scooters and motorcycles and also produces lithium-ion batteries. PURE stands for Power Using Renewable Energy, and the company focuses on enabling the transition to sustainable energy sources.

Business Model: PURE EV manufactures electric scooters and motorcycles. They also produce lithium-ion batteries and have a dedicated R&D facility for EV powertrain development and testing.

Products and Services

Electric scooters and motorcycles under the brand "PURE EV". Models include EPluto 7G, ETrance Neo, and EcoDryft.

Lithium-ion batteries.

Electric vehicle powertrain development and testing.

Key Features of their Vehicles

Mileage: The vehicles offer a range, for example, around 111 to 151 km on certain models.

Technology: Some models have features like Bluetooth connectivity and smart AI for battery longevity.

Features Reverse mode, Hill-Start Assist, Down-Hill Assist, and Parking Assist.

Mission

PURE EV is committed to driving the future of e-mobility. The company is focused on building products beloved by the mass consumer and building a trustworthy brand name in EV. Their name reflects their commitment to utilizing sustainable energy sources.

Key People

Rohit Vadera

Nishanth Dongari

Sumit Jadhav

Key Metrics

Total Equity Funding

$14.2 million

No. of Funding Rounds

4

Latest Funding Round

$8.0Million, Series A

as of June 21, 2023

Post Money Valuation

$194Million

as of N/A

Funding Multiple

-

as of N/A

Investors

Bennett, Coleman

and 7 more

Employee Count

334

Similar Companies

Baaz

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
June 21, 2023 Series A$8.0Million$194.0Million-- Brand Capital , Bennett, Coleman, Hindustan Media Ventures, Priya Foods
June 12, 2022Series A$2.7Million$206.0Million$26.8Million7.6xNSN Investments, NDL Infratech
October 1, 2020 Seed$1.4Million$31.9Million$5.7Million-Time Cap Pharma Labs , Natsoft Information Systems
June 21, 2019 Angel$2.2Million$32.4Million$953.0K31.6x-

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