About PURE EV
PURE EV is a company based in Hyderabad (India) founded in 2015 by Nishanth Dongari.. PURE EV has raised $21.58 million across 6 funding rounds from investors including Hindustan Media Ventures, Priya Foods and Natsoft Information Systems. The company has 459 employees as of April 04, 2024. PURE EV operates in a competitive market with competitors including Ola Electric, Ultraviolette, Ather Energy, Gogoro and Oben Electric, among others.
- Headquarter Hyderabad, India
- Employees 459 as on 04 Apr, 2024
- Founders Nishanth Dongari
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Pur Energy Private Limited
- Date of Incorporation 19 Jun, 2015
- Jurisdiction Medak, Telangana, India
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Annual Revenue
$16.9 M (USD)-37.9as on Mar 31, 2023
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Net Profit
$-1.12 M (USD)-388.28as on Mar 31, 2023
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EBITDA
$-879.76 K (USD)-219.03as on Mar 31, 2023
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Total Equity Funding
$21.58 M (USD)
in 6 rounds
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Latest Funding Round
$5.67 M (USD), Series A
Mar 14, 2025
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Investors
Hindustan Media Ventures
& 22 more
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Employee Count
459
as on Apr 04, 2024
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Funding Insights of PURE EV
PURE EV has successfully raised a total of $21.58M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $5.67 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $5.7M
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First Round
First Round
(21 Jun 2019)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series A - PURE EV | Valuation | Hindustan Media Ventures | |
| Nov, 2024 | Amount | Series A - PURE EV | Valuation |
investors |
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| Jun, 2023 | Amount | Series A - PURE EV | Valuation | Bennett, Coleman |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PURE EV
PURE EV has secured backing from 23 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Hindustan Media Ventures, Priya Foods and Natsoft Information Systems. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed-stage investments are focused on by Time Cap Pharma Labs.
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Founded Year | Domain | Location | |
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Investments in early-stage startups are made by Brand Capital.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PURE EV
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PURE EV
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pure Ev Comparisons
Competitors of PURE EV
PURE EV operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ola Electric, Ultraviolette, Ather Energy, Gogoro and Oben Electric, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Electric scooters and motorcycles are manufactured with related accessories.
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| domain | founded_year | HQ Location |
High-performance electric motorcycles for street and sports use are engineered.
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| domain | founded_year | HQ Location |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
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| domain | founded_year | HQ Location |
Electric scooters are developed and battery swapping networks are operated.
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| domain | founded_year | HQ Location |
Electric motorcycles and components are designed and manufactured.
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| domain | founded_year | HQ Location |
Manufacturer offering electric scooters and mobility solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pure Ev
Frequently Asked Questions about PURE EV
When was PURE EV founded?
PURE EV was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is PURE EV located?
PURE EV is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is PURE EV a funded company?
PURE EV is a funded company, having raised a total of $21.58M across 6 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Jun 21, 2019.
How many employees does PURE EV have?
As of Apr 04, 2024, the latest employee count at PURE EV is 459.
What is the annual revenue of PURE EV?
Annual revenue of PURE EV is $16.9M as on Mar 31, 2023.
What does PURE EV do?
PURE EV was founded in 2015 in Hyderabad, India, within the clean energy and mobility sector. Smart energy storage solutions for residential, commercial, and grid uses are developed and supplied. Electric vehicles are designed and produced, alongside lithium batteries and associated components. Operations focus on sustainable technologies for diverse applications in the Indian market.
Who are the top competitors of PURE EV?
PURE EV's top competitors include Ather Energy, Ola Electric and Ultraviolette.
Who are PURE EV's investors?
PURE EV has 23 investors. Key investors include Hindustan Media Ventures, Priya Foods, Natsoft Information Systems, Time Cap Pharma Labs, and Bennett, Coleman.
What is PURE EV's valuation?
The valuation of PURE EV is $193.51M as of Jun 2023.
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