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 H.NO 10-38/2, SY NO 424/AA3 KANDI VILLAGE, Medak, SANGAREDDY, Telangana, India, 502285.

Which legal entities is PURE EV associated with?

PURE EV is associated with PUR ENERGY LIMITED.

How many employees does PURE EV have?

As of Aug 31, 2025, the latest employee count at PURE EV is 115.

Is PURE EV a funded company?

PURE EV is a funded company, having raised a total of $21.8M across 6 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Jun 21, 2019.

How much is PURE EV worth?

The latest valuation of PURE EV is $***** as of Mar 09, 2025.

When was the latest funding round of PURE EV?

PURE EV's latest funding was a $***** Series A round on Mar 14, 2025, with participation from 19 investors.

What is the annual revenue of PURE EV?

Annual revenue of PURE EV is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does PURE EV rank among its competitors?

PURE EV ranks 25th amongst 2246 active competitors, of which 199 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Ather Energy, which secured $135M in Jul, 2026.

Who are the top competitors of PURE EV?

PURE EV's top competitors include Ather Energy, Gogoro and A123 Systems. Among them, Ather Energy secured the most recent funding round in July, 2026.

PURE EV - 2026 Company Profile, Team, Funding, Competitors & Financials

PURE EV is a series A company based in Hyderabad (India), founded in 2015 by Rohit Vadera and Nishanth Dongari. It operates as a Manufacturer of energy storage products and electric vehicles with lithium batteries. PURE EV has raised $21.8M in funding from investors like Hindustan Media Ventures, Bennett, Coleman and NSN Investments, with a current valuation of $*****. The company has 2246 active competitors, including 199 funded and 102 that have exited. Its top competitors include companies like Ather Energy, Gogoro and A123 Systems.

Company Details

Manufacturer of energy storage products and electric vehicles with lithium batteries. It provides smart sustainable energy storage products for home, commercial, and grid applications. The company also designs and manufactures electric vehicles. It offers lithium batteries and related products.

Website: pureev.in
Part Of
Registered Address: H.NO 10-38/2, SY NO 424/AA3 KANDI VILLAGE, Medak, SANGAREDDY, Telangana, India, 502285

Key Metrics

Founded Year

2015

Location

Hyderabad, India

Stage

Series A

Total Funding

$21.8M in 6 rounds

Latest Funding Round

Series A, Mar 14, 2025, $*****

Post Money Valuation

$***** as on Mar 09, 2025

Investors

Hindustan Media Ventures & 34 more

Ranked

25^th among 2246 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

115 as on Aug 31, 2025

Similar Companies

A123 Systems & 564 more

View PURE EV's full profile

PURE EV is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PUR ENERGY LIMITED CIN: U50100TG2015PLC099416 , India, Active	Jun 19, 2015	₹100 - ₹500 Cr (As on Mar 31, 2025)	131 (As on May 01, 2026)

PURE EV has raised a total funding of $21.8M over 6 rounds. Its first funding round was on Jun 21, 2019. Its latest funding round was a Series A round on Mar 14, 2025 for $*****. 19 investors participated in its latest round. PURE EV has 10 institutional investors and 25 angel investors.

Here is the list of recent funding rounds of PURE EV:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 14, 2025	1860119	Series A	2811659	4767717	2043175	1383496
Nov 01, 2024	9380962	Series A	5513003	5374443	6087020	Natsoft Information Systems & 4 more
Jun 21, 2023	6274874	Series A	3849466	7338018	Bennett, Coleman	Hindustan Media Ventures & 2 more

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View details of PURE EV's funding rounds and investors

The founders of PURE EV are Rohit Vadera and Nishanth Dongari. Rohit Mansukhlal Vadera is the CEO of PURE EV.

Here are the details of PURE EV's key team members:

Rohit Vadera: Co-Founder & CEO of PURE EV and founder of 1 other company. They serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number
Nishanth Dongari: Co-Founder & Managing Director of PURE EV and founder of 1 other company. They serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number

PURE EV's Board of Directors

PURE EV's board has 3 active members. Rohit Vadera, Nishanth Dongari and Nuthana Dongari are part of team.

Here is the list of PURE EV's board of directors:

Name	Type	Representing	Status	Duration
Rohit Vadera	Team	-	Current	1y 6m
Nishanth Dongari	Team	-	Current	11y 1m
Nuthana Dongari	Team	-	Current	11y 0m
yrapgqf	Team	-	Past	5y 7m

View details of PURE EV's Founder profiles and Board Members

PURE EV's employee count trend

PURE EV has 115 employees as of Aug 25. The total employee count is 15.0% lower than what it was in Aug 24. Here is PURE EV's employee count trend over the years:

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Top competitors of PURE EV include Ather Energy, Gogoro and A123 Systems. Here is the list of Top 10 competitors of PURE EV, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ather Energy 2013, Bengaluru (India), Public	Manufacturer of smart electric scooters with connected software, charging infrastructure, and ecosystem services	$502M	Hero MotoCorp, NIIF & 39 others	85/100
2nd	Gogoro 2011, Taipei (Taiwan), Public	Platform offering electric scooters and operator of battery swapping networks	$765M	Sumitomo Corporation, Generation Investment Management ... & 15 others	77/100
3rd	A123 Systems 2001, Hangzhou (China), Public	Manufacturer of automotive lithium-ion batteries	$201M	General Electric, Motorola Solutions & 19 others	76/100
4th	Oben Electric 2020, Bengaluru (India), Series A	Platform offering two wheeler motorcycle products	$37.6M	India Ev Angels, Stride Ventures & 87 others	75/100
5th	Niu 2014, Beijing (China), Public	Manufacturer of electric scooters, mopeds, motorcycles, and related accessories	$50M	Sequoia Capital China, GSR Ventures & 9 others	74/100
6th	Ultraviolette 2016, Bengaluru (India), Series E	Manufacturer of electric motorcycles, components, rider safety equipment, and charging infrastructure	$149M	TVS Motor, Exor & 50 others	74/100
7th	Zero Motorcycles 2006, Scotts Valley (United States), Series G	Manufacturer of electric motorcycles, related accessories, and associated merchandise	$584M	Invus, Exor & 5 others	70/100
8th	Segway-Ninebot 2012, Beijing (China), Series C	Manufacturer of multi-category electric vehicles	$240M	Sequoia Capital China, SDIC Innovation & 6 others	69/100
9th	Damon 2017, Vancouver (Canada), Public	Developer of electric motorcycles and related digital platform for riders	$40.3M	Techstars, Indika Energy & 15 others	69/100
10th	Amperehour Solar Technology 2017, Pune (India), Series A	Provider of energy storage systems and energy management platform solutions	$7.45M	VHGB, Wellfound & 23 others	68/100
25th	PURE EV 2015, Hyderabad (India), Series A	Manufacturer of energy storage products and electric vehicles with lithium batteries	$21.8M	Bennett, Coleman, Time Cap Pharma Labs & 33 others	62/100

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Founders (largest shareholder) own 71.63%, Funds own 2.37%, Enterprises own 11.02% and Angels own 8.09%. The net worth of PURE EV's founders is INR 617Cr as of Sep 29, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	71.63%	617Cr	9291207	1087746	6517033	1815582
Fund	2.37%	20.5Cr	22	68	87	72
Enterprise	11.02%	94.9Cr	6777544	1883014	9753468	8698782
Angel	8.09%	69.7Cr	3059288	5430387	1515179	3399407
Balaji Utla	0	0	0	0	0	0
Other People	5.31%	45.7Cr	56027	56104	79225	45188
ESOP Pool	1.58%	13.6Cr	8	8	6	2
Total	100.00%	861Cr	6548787	5793035	8444586	6165640