India | 35 Million
Auto Vehicles, Parts & Service Retailers, Electric Vehicles
Lithium Ion Btys
EV Charging, Electric Vehicles , Electric Motors , Power Electronics
PURENERGY acronym stands for Power Using Renewable Energy and true to its name ever since its genesis at IIT Hyderabad, the company has focused on enabling transition to sustainable energy sources. Energy storage technology has been a key area of expertise for the company. The firm has executed hybrid solar storage projects for many prestigious business groups, Universities, Hospitals, Residential Communities, NGOs and Schools. The company management team brings significant experience from academia and energy industry.
The company made foray into manufacturing of electric two-wheeler under the brand “PURE EV” and high-performance Lithium batteries under the brand “PURE Lithium”. The company has been funded by visionary from Pharma industry Shri V C Nannapaneni. The company has setup a dedicated 40,000 sqft manufacturing unit and is geared up to become one of the leading EV startups of India in times to come! The company is focused on building products that is beloved by the mass consumer and building a trustworthy brand name in EV and ESS business verticals.
|Announced Date||Transaction Name||Number of Investors||Money Raised|
|10 Jul 2019||Venture - Pure EV||1||35 Million|
|Investor Name||Lead Investor||Funding Round||Partners|
|V.C. Nannapaneni||Yes||Venture Round - Pure EV||NA|