Monday, July 4, 2022
Techiexpert.com
No Result
View All Result
  • Login
  • Register
Exclusive Videos
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
No Result
View All Result
TechiExpert
No Result
View All Result

Electric Vehicle Startup PURE EV to Safeguard against COVID-19

Srikanth by Srikanth
May 11, 2020
in Startup news
Reading Time: 3 mins read
Electric Vehicle Startup PURE EV
11
SHARES
135
VIEWS
Share on FacebookShare on Twitter

Electric Vehicles Startup PURE EV is providing Personal Protective Equipment (PPE) to its dealers to protect themselves against the spread of COVID-19. In addition, the startup has also taken initiatives to help the dealers financially. It is offering special discounts for its existing dealers and new ones interested in joining the Electric Vehicles revolution.

PURE EV is sharing PPE Kits with Hand Sanitizers, Protective Gloves, Protective Mask, Personal Protective Suit and a Face Shield to its dealers. It currently has 72 touch point spread across 13 States with plans to expand to 200 Dealers by November 2020.

PURE EV, which raised funding at a valuation of USD 35 Million some months ago, was incubated by IIT Hyderabad, launched its high-speed electric scooter ‘EPluto 7G’ in February 2020. It has established a 40,000-sqft state-of-the-art facility, co-located with IIT Hyderabad, for cutting-edge R&D and for large scale production of electric vehicles and electric batteries.

Speaking about the measures to help dealers financially, Mr. Rohit Vadera, Chief Executive Officer, PURE EV, said, “PURE EV dealer margins are around 12 per cent and were already among the best in EV 2W segment. With these discounts, the margins are enhanced to 15 to 18 per cent for a limited period (up to 31st May 2020). These higher margins are need of the hour for our existing dealers and prospective dealers to ensure that they stay profitable and encouraged to pass on benefits to the consumers through better discounts and incentivize their switchover to a pollution-free mode of transport.”

PURE EV is continuously working towards supporting its dealers’ sales and to help the consumer meet their requirement with various required strategic tie-ups. It has established tie-ups for financing with major firms including Bajaj Finserv, IDBI Bank, Kotak Mahindra Bank, Pine Labs and Zest Money to extend EMI facilities across the geographical spread.

Elaborating on the additional measures to help dealers and encourage people to convert to EVs, Dr. Nishanth Dongari, Associate Professor, Department of Mechanical and Aerospace Engineering, IIT Hyderabad, and Founder, PURE EV, said, “PURE EV has been continuously working on price reductions on all models with the help of in-house manufacturing of high-quality Lithium Battery, and strong product design team who collaborate with various suppliers to fabricate critical components at affordable costs. We have 70 per cent indigenous content in terms of the value addition, and this factor is supporting the favourable unit economics, although import duties have been increased by 10 per cent since 1st April 2020, and rupee also depreciated by 10 per cent.”

The company has also launched third party-backed extended warranty schemes to give additional comfort to its customers for their comprehensive warranty coverage for three years. This also meets the key concerns of prospective customers about product reliability in the longer term.  

In another major initiative, PURE EV is extending its warranty and is now offering a 70 per cent performance warranty for the batteries for the tenure of three Year or 30,000 km for EPluto and three years or 40,000 km for EPluto 7G, two years for the electric cycles, three years or 24,000 km for ETrance. The other major components that are covered under the warranty of one year are controller, charger and motor, which are planned to be extended to three years.

Additionally, the company has increased the colour variants for existing models. EPluto 7G shall be available in six colour variants viz Red, Blue, White, Silver Grey, Matt Black and Glossy Lemon Sting.  The electric bicycle Etron+ shall also be available in five colours viz Glossy Black, Orange, Blue, Green and Yellow.  

PURE EV was founded in 2016 by Dr. Nishanth Dongari, Associate Professor, Department of Mechanical and Aerospace Engineering, IIT Hyderabad, and is led by Mr. Rohit Vadera, an alumnus of IIT Bombay. The startup will continue to collaborate with R&D laboratories of IIT Hyderabad, which will provide strong technological support.

The unique points of the vehicles developed by PURE EV include:

  • The batteries are designed to work under tough environmental conditions,
  • Portable batteries for easy charging and swapping, and
  • The mechanical design suiting Indian terrain conditions
Tags: Electric VehiclesPURE EV
Share4Tweet2Share1Pin3

Related Posts

Hyperlocal marketplace Urvann raises Rs. 3 Cr in Seed Round led by IPV
Startup news

Hyperlocal marketplace Urvann raises Rs. 3 Cr in Seed Round led by IPV

Data Analytics startup USEReady launches a new centres
Startup news

Data Analytics startup USEReady launches a new centres

Neuron7.ai emerges from Stealth Mode, Raises $4.2 Million in Seed Funding
Startup news

Neuron7 Raises $10 Million Series A Funding to Revolutionize AI-Powered Customer Service

AI-based Mobile Time Tracking & Workforce Productivity with Enalytix
Startup news

AI-based Mobile Time Tracking & Workforce Productivity with Enalytix

Patented public transport app with Real-time public transport information – Tummoc
Startup news

Patented public transport app with Real-time public transport information – Tummoc

Most Read

  • How to Track Someone’s iPhone by Phone Number?

    How to Track Someone’s iPhone by Phone Number?

    499 shares
    Share 200 Tweet 125
  • Top 5 car automation trends to know

    271 shares
    Share 108 Tweet 68
  • Is Parody Coin investment a Good Investment?

    100 shares
    Share 40 Tweet 25
  • What is windows modules installer ? How to Enable/Disable

    1246 shares
    Share 498 Tweet 312
  • Tips to Reduce Your Website Hosting Costs

    882 shares
    Share 352 Tweet 220
  • How to Track Activities an Instagram account?

    88 shares
    Share 35 Tweet 22

Recent Stories

Doing Cleanup: 5 Types of Links You Should Disavow

Backlinks
Share4Tweet3Share1Pin1

Telemedicine or e-medicine: What is it?

Telemedicine Business
Share5Tweet3Share1Pin2

Does domain extensions impact SEO standards

Does domain extension impact SEO standards
Share5Tweet3Share1Pin2

Ways Data Analysis has changed customer reward programs

Ways Data Analysis has changed customer reward programs
Share5Tweet3Share1Pin2
  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

© 2022 All Rights Reserved

No Result
View All Result
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media

© 2022 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cookie Law Notice
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT