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Pure EV raises $8 million in funding

Economic Times · 1y

Indian electric two-wheeler company, Pure EV, has raised $8 million in funding from investors including Bennett Coleman and Company Ltd and Hindustan Times Media Ventures. The company is also in the process of finalizing a Series A1 funding round of $25 million, with ongoing discussions for a Series A2 funding amounting to $15 million with potential investors from Dubai, Hong Kong, and Singapore. Pure EV plans to expand its sales network from 140 to 300 dealers in the next six months.