PURE EV Registers 4X Growth in Sales Revenue YoY

PURE EV has quadrupled its financial year turnover as per the audited financials for FY22 filed with MCA and ending the year with PAT positive growth.

The Company which recently launched its first performance electric motorcycle - ETRYST 350, is targeting a further 4X growth in the coming two fiscal years and crossing annual turnover of 1000 Cr, through a combination of network expansion, addition of new products to its portfolio and entering into new export markets.

The Company has established a 1,00,000 sq ft factory in Telangana comprising vehicle and battery manufacturing divisions, and is currently employing over 700 manpower. The Company is further in the process of expansion to 2,00,000 sq.ft facility with annual vehicle production capacity of 120,000 units and annual battery production capacity of 0.5 GWh, which will be ready by end of FY 23 and employee strength of over 1000, Mr Rohit Vadera, Chief Executive Officer, PURE EV said.