Summary:
By Express News ServiceHYDERABAD: Indian Institute of Technology Hyderabad-incubated startup PURE EV has raised venture capital funding from Hyderabad-based pharmaceuticals visionary VC Nannapaneni, in his personal capacity. The funding is coming at an opportune moment for the company with its plans for expansion of its manufacturing capacity and R&D initiatives. PURE EV has also been developing a prototype of HVDC electric truck/bus lithium battery modules and intends to showcase them in 2020 for potential collaborations. PURE EV is now looking to ramp up its EV manufacturing capacity to 2000 units per month by October 2019. PURE EV recently launched four two-wheeler models - ‘EGNITE,’ ‘ETRANCE,’ ‘EPLUTO’ and ‘ETRON’..