Pure EV To Invest Over Rs. 200 Crore In The Next 18 Months For R&D
By Carandbike Team
2 mins read
Published on October 20, 2022
- Hyderabad-based EV maker has announced to invest over Rs. 200 crore in the next 18 months.
- The company is in the process of expanding an annual vehicle production capacity of 1.2 lakh units.
- The expansion will be completed by end of FY 23.
Hyderabad-based EV maker has announced to invest over Rs. 200 crores in the next 18 months to enhance output from its extensive R&D set-up. The company is in the process of expanding to a 2,00,000 sqft facility with an annual vehicle production capacity of 1,20,000 units and an annual battery production capacity of 0.5 GWh, which will be ready by end of FY 23. The company says that performance validation through extensive real-world trials and testing processes is necessary, and the company aims to make it one of its core areas of focus. At present, Pure EV has a strong R&D team above 100 engineers, qualified in thermal management, embedded systems, power electronics, transportation & product design, and electro-chemistry.
Also Read: Pure EV Opens New Showroom In Nagpur
Rohit Vadera, Chief Executive Officer, Pure EV said, “Pure EV R&D program is focused on core technology development in powertrain design enabling us to offer a delightful experience to end users. We have nurtured a strong R&D team, exceedingly over 100 engineers, qualified in disciplines like thermal management, embedded systems, power electronics, transportation & product design, and electro-chemistry. As the EV industry grows exponentially beyond the early adopter phase, performance validation through extensive real-world trials and testing processes is necessary. We have set up extensive R & D, and test facilities for this purpose at our Research centre and plan to further deploy INR 200 crore in the next 18 months.”
Additionally, the company also announced that it has filed over one hundred intellectual property rights, making it the second only EV start-up to claim this milestone. The company’s R&D centre is co-located with the factory premises and has a facilities agreement with IIT Hyderabad to access state-of-the-art R&D equipment and manpower.
Vadera added, “In the new age EV industry, the supply chain development will only happen over the due course. Hence it is important that a significantly higher proportion of the turnover is allocated currently towards R&D expenses which helps the company build exemplary products. Consistent filing of IPR covering both the scooters and the motorcycles segment is the strongest signal to the consumers and other stakeholders about the core philosophy of the Company to be constantly innovative.”
The company says that such a setup helps to keep development projects in mission mode and keep the entire focus of the R&D on increasing the utility, reliability, and safety of the product for the end user. Pure EV’s product portfolio consists of two scooters ePluto 7G and eTrance NEO and a high-performance motorcycle eTryst 350 and one more motorcycle product in the pipeline. It has established a 1,00,000 sq.ft. factory in Telangana comprising vehicle and in-house battery manufacturing divisions.
Great Deals on Used CarsView All Used Cars
- 35,249 km
- 8,000 km
- 88,000 km
- 72,000 km
- 53,763 km
- 24,110 km
- 20,156 km
- 64,000 km
- 65,000 km
- 85,000 km
10 hours ago
The partnership looks to set up 7,000 electric vehicle charging stations across India.
11 hours ago
Stellantis and Ample have already established a pilot program that will begin in Madrid, Spain, in 2024 and will be using 100 Fiat 500e EVs within Stellantis Free2move car-sharing service.
12 hours ago
The one-off creation is mechanically identical to the standard Chiron Super Sport but features elements inspired by the Type 57 SC Atlantic such as the bespoke paint finish and chrome grille.
14 hours ago
Bridgestone will take over from Hankook, which is the present tyre supplier for the single-seater electric racing championship.
14 hours ago
Measures undertaken by Renault include complimentary road-side assistance, expedited insurance claim settlement and extended working hours at service centres.
15 hours ago
The imminent plan to deploy charging stations was shared by the chairman of the Adani Group Gautam Adani.
15 hours ago
Owners can avail of these services until December 31, 2023.
17 hours ago
Special services also include complimentary towing, expedited insurance claims and repairs, and special offers on new vehicles in case the car is a total loss.
17 hours ago
The S1 X+ comes with a 3 kWh battery pack and has a claimed range of up to 151 km.
1 day ago
The latest iteration gets a slew of updated features and mechanical upgrades.
18 days ago
The new Pure EV ecoDryft 350 claims to be the longest-range motorcycle in its category with a range of 171 km
7 months ago
The electric two-wheeler is equipped with the same 3.0 Kwh battery as the ecoDryft electric motorcycle that produces range figures to the tune of 100 to 150 km
10 months ago
The ecoDryft has a top speed of 75 kmph and an on-road range of up to 130 km per charge.
12 months ago
The EcoDryft comes with a 3.0 kWh battery pack giving it a range of up to 135 km per charge and has a top speed of 75 kmph.
1 year ago
The new showroom was inaugurated by Nitin Gadkari, Minister for Road, Transport and Highways (MoRTH).