IIT-H incubated startup launches electric scooter – Indian Institute of Technology Hyderabad (IIT-H) was the centre of attraction when one of its incubated startup company launched high speed electric scooter ‘EPluto 7G.’ The startup company which launched the scooter was ‘Pure EV,’ this has raised a funding at a valuation of USD 35 Million.
The electric scooter was launched in the presence of Dr. V.K. Saraswat, Member, NITI Aayog, Dr. G. Satheesh Reddy, Chairman, Defence Research and Development Organisation (DRDO) and Prof B.S. Murty, Director, IIT Hyderabad at IIT-H premises today.
The electric scooter has a speed of 116 km per full charge (in ICAT range test) and comes with a patented battery technology. Unique features in the vehicles developed by Pure EV include batteries that are designed to work under tough environmental conditions, having portable batteries for easy charging and swapping and having a mechanical design that suits Indian terrains.
IIT-H incubated startup launches electric scooter
V.K. Saraswat said he feels very proud on the product’s launch as he has been the part of their journey since early days. E-mobility is an upcoming sector and one of the most disruptive one. We are not only looking at the vehicular aspect but also the supply chain.
The value addition being done is very high by the startup and is highly commendable. The fact that they are going PAN India is good. Innovation is hallmark of IIT-H.
Dr. G. Satheesh Reddy said he was happy to come to the Institution for the first time to join for EPluto 7G’s launch. I look forward to more such products in innovation. It was a very ambitious plan and the hope is that more products like this are produced in the years to come. He praised Nishanth Dongari, founder, PURE EV on the occasion.
Professor B.S. Murthy said PURE EV is a true testimony of how IIT Hyderabad is translating academic activities into mass scale commercial products through the support of the incubation centre.
IIT-H incubated startup launches electric scooter
Our students and faculty have brought together an amazing product and with this, we hope to do the same in the future. Co-location of PURE EV factory with IIT Hyderabad campus will open up new RandD collaborations with various faculty members, he said. ‘I wish the company to become one of the leading players in the country in the space of Lithium battery and electric mobility.’
Being launched at an ex-showroom price of INR 79,999, the vehicle offers affordability, long range, top speed of 60 Kmph and battery warranty for 40,000 KM. A unique point of this vehicle is that the battery and the vehicle have been designed and developed factoring in Indian terrain and weather conditions.
IIT-H incubated startup launches electric scooter – The company has current manufacturing capacity of 2000 units per month at its facility co-located with the campus. It aims to deploy over 10,000 electric vehicles on road during in the current calendar year. PURE EV has established a 40,000-sqft state-of-the-art facility, co-located with IIT Hyderabad, for cutting-edge Research and Developing and for large scale production of electric vehicles and electric batteries.
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