<keyword id="19971628" type="General" weightage="20" keywordseo="electric" source="keywords">Electric</keyword> two-wheeler firm Pure EV on Monday said it has raised USD 8 million (around Rs 66 crore) from a consortium of investors. The funding was led by <keyword id="20642225" type="General" weightage="20" keywordseo="bennett-coleman" source="keywords">Bennett Coleman</keyword> and Company Ltd, Hindustan Times Media Ventures, alongside <keyword id="20642226" type="General" weightage="20" keywordseo="ushodaya-enterprises-pvt-ltd" source="keywords">Ushodaya Enterprises Pvt Ltd</keyword>, existing investors and high net-worth individuals, Pure EV said in a statement. The Hyderabad-based company said it is currently in the final stage of concluding its Series A1 funding round, amounting to USD 25 million with the participation of a foreign institutional investor. Concurrently, ongoing discussions are taking place with potential investors from Dubai, Hong Kong, and Singapore for Series A2 funding, targeting an infusion of USD 15 million, it added. "We will be rapidly expanding our pan-India sales network from 140 to 300 dealers in the next six months," Pure EV Co-Founder &amp; CEO <keyword id="20642224" type="General" weightage="20" keywordseo="rohit-vadera" source="keywords">Rohit Vadera</keyword> stated. The company sells a range of electric motorcycles and scooters and has already sold over 70,000 units. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/webstories/retro-turned-electric-after-chetak-kinetic-luna-also-gets-a-new-lease-of-life/slidelist/107523076.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/retro-turned-electric-after-chetak-kinetic-luna-also-gets-a-new-lease-of-life/slidelist/107523076.cms" target="_blank">Retro turned electric – After Chetak, Kinetic Luna also gets a new lease of life</a><a href="https://www.businessinsider.in/business/auto/news/mg-comet-price-slashed-indias-most-affordable-ev-gets-cheaper/articleshow/107451916.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/mg-comet-price-slashed-indias-most-affordable-ev-gets-cheaper/articleshow/107451916.cms" target="_blank">MG Comet price slashed – India’s most affordable electric car gets cheaper</a><a href="https://www.businessinsider.in/business/auto/news/ola-electric-continues-to-lead-the-segment-in-electric-scooters-in-january-2024/articleshow/107424791.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/ola-electric-continues-to-lead-the-segment-in-electric-scooters-in-january-2024/articleshow/107424791.cms" target="_blank">Electric scooter sales grow 26% in January as Bajaj, Ather jostle behind TVS and Ola</a>

Pure EV raises $8 million in latest funding round

<keyword id="7583348" type="General" weightage="20" keywordseo="PURE-EV" source="Orion">PURE EV</keyword> has launched new electric scooter -- <keyword id="19041898" type="General" weightage="20" keywordseo="ePluto-7G-MAX" source="Orion">ePluto 7G MAX</keyword> with an ultra-long range of 201 km per charge and with MAX boasts features such as HillStart Assist, DownHill Assist, Coasting Regen, Reverse Mode, Smart AI for Battery Longevity etc. Launched at a price of Rs 1,14,999 (ex-Showroom price), the scooter comes available infour colours -- matte black, red, grey and white, which is now open for booking across India, with deliveries beginning from the upcoming festive season. "The model is targeted towards consumers driving around 100 km per day and do not want to go through the hassle of frequent charging. The timing of the launch will coincide with the upcoming festive season and gives our patrons a very competitive offering with state-of-the-art features," said <keyword id="12156913" type="General" weightage="50" keywordseo="rohit-vadera" source="Orion">Rohit Vadera</keyword>, Co-Founder and Chief Executive Officer. The model comes with an AIS-156 certified 3.5 KWH heavy-duty battery with smart BMS, and Bluetooth connectivity. The powertrain has a peak power of 2.4 KW, a CAN-based charger and offers three different driving modes. "MAX is equipped with AI-enabled power discharge accounting for the State of Charge (SoC) and State of Health (SoH) of the battery, which significantly improves the overall battery life cycle by 50 per cent. The model also has intelligent throttle response based on the ride terrain, smart sensors to prevent rollback during incline and controlled descent during declines," Vadera said. ePluto 7G MAX is deployed with seven different microcontrollers and numerous sensors, which offer more powerful processing compared to a smartphone, along with the facility of going through any future OTA firmware updates. Highlighting the improvements in powertrain efficiency, Vadera further added that "the new drive train has industry-leading efficiency of over 92 per cent. The braking experience is significantly improved in terms of braking distance, time to stop, wheel rotating speed effort and the braking force, leading to 30 per cent life cycle enhancement of front and rear brakes". The scooter is also equipped with smart regen capabilities with an EAC-Braking System, including coating regen to enhance range and safety. MAX has reverse mode assist and parking assist features to auto-push the vehicle at a steady speed of 5 kmph. "We are delighted to offer a standard battery warranty of 60,000 kms and an extended warranty of 70,000 kms," Vadera mentioned. The company is also aggressively expanding its dealer network across all the leading cities and towns, and targeting more than 300 touch points by the end of FY24. According to Vadera, "company is bullish about offering MAX to B2B and B2G entities having successfully deployed our long-range motorcycles across TATA Power, Police/Forest Departments of Tamil Nadu and Telangana government". SEE ALSO:<a href="https://www.businessinsider.in/india/webstories/assembly-elections-five-states-to-go-to-polls-in-nov-seats-first-time-voters-and-more/slidelist/104304817.cms" target="_blank"></a> <a href="https://www.businessinsider.in/india/webstories/assembly-elections-five-states-to-go-to-polls-in-nov-seats-first-time-voters-and-more/slidelist/104304817.cms" target="_blank">Assembly Elections: Five states to go to polls in Nov – seats, first time voters and more</a><a href="https://www.businessinsider.in/tech/mobile/webstories/best-new-5g-mobile-phones-in-india-under-rs-20000-in-october-2023/slidelist/104302901.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/best-new-5g-mobile-phones-in-india-under-rs-20000-in-october-2023/slidelist/104302901.cms" target="_blank">From Redmi 12 5g to Moto G54 – Best affordable 5G smartphones in India under ₹20,000</a><a href="https://www.businessinsider.in/tech/mobile/news/android-14-rollout-begins-with-pixel-smartphones-new-features-eligible-devices-and-more/articleshow/104184987.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/android-14-rollout-begins-with-pixel-smartphones-new-features-eligible-devices-and-more/articleshow/104184987.cms" target="_blank">Android 14 rollout begins with Pixel smartphones – new features, eligible devices and more</a>

PURE EV launches ePluto 7G MAX with 201 km range

Indian Institutes of Technology Hyderabad-incubated startup <keyword id="7583348" type="UNKNOWN" weightage="20" keywordseo="pure-ev">PURE EV</keyword> on Tuesday said it will launch its premium model EPluto7G scooter in Nepal by October 2020 as part of its international expansion plans. The battery and the vehicle have been designed and developed factoring in the gradient requirements of Nepal, the company said, adding that it has developed "power train" capabilities and efficiency in its vehicles to enhance the user experience in rough terrain. In a bid to expand to other international markets, the startup is also looking for good distribution partners that can create an efficient channel network for vehicle sales and service in the target markets. "We will be expanding to other international markets as well over the course of next year with particular focus on South Asia, South East Asia and East African countries," PURE EV CEO Rohit Vadera said in a statement. PURE EV is partnering with White Lotus Motors (WLM) for distribution of its EV two-wheelers in Nepal. WLM will establish two outlets in the capital city of Kathmandu as part of the partnership. PURE EV said it plans to launch more models in the near future. "We intend to start off with annual sales of 1,000 scooters and have wider coverage in the top five cities of the country within a year," Vadera said, revealing the targets for the Nepal market. The startup said it is working closely with WLM for the establishment of high-quality workshops, providing timely "after-sales" service and also ensuring adequate spare parts availability.

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Pure EV raises $8 million in latest funding round

PTI

PURE EV launches ePluto 7G MAX with 201 km range

IANS

IIT-Hyderabad incubated electric vehicle startup PURE EV launches in Nepal - eyes South East Asia expansion

IANS