Pure EV raises $8 million from Bennett Coleman, Hindustan Times Media Ventures & others, targets to raise $25 million in Series A1

Hyderabad-based electric two-wheeler company Pure EV has announced that it has raised $8 million (Rs 66 crore) from a consortium of investors led by Bennett Coleman and Company, Hindustan Times Media Ventures, alongside Ushodaya Enterprises, existing investors and HNIs.

The company is currently in the final stages of concluding its Series A1 funding round, amounting to $25 million (Rs 208 crore), 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 $15 million (Rs 125 crore).