Pure EV manufactures electric motorcycles and scooters and is headquartered in Hyderabad. The company has sold over 70,000 units. It recently raised USD 8 million from a consortium of investors led by Bennett Coleman and Company Ltd and Hindustan Times Media Ventures, alongside Ushodaya Enterprises, existing investors and high-net-worth individuals. Pure EV said it is in the final stage of concluding a USD 25 million Series A1 with participation from a foreign institutional investor. Concurrently, it is in discussions with potential investors from Dubai, Hong Kong, and Singapore on a Series A2 targeting USD 15 million. The company plans to expand its pan-India dealer network from 140 to 300 dealers within the next six months.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2024