Vaculug Ventures is excited to announce its investment in Pure Electric at a pre-money valuation of £37.5 million. Pure Electric, a leading innovator in the e-scooter market, aims to revolutionise urban mobility by reducing pollution and congestion with its award-winning e-scooters. With a partnership with McLaren and patented technology, Pure Electric holds a premium and defensible position in the fast-growing micro-mobility market.
Vaculug Pushing Sustainable Mobility
This investment aligns with Vaculug’s values of sustainability and promoting eco-friendly mobility solutions. Vaculug’s #sustainablethinking campaign focuses on supporting startups driving significant positive environmental change. Pure Electric’s efforts to create smarter, greener urban transport solutions make it an ideal Vaculug Ventures partner.
“Our investment in Pure Electric reflects our unwavering commitment to sustainable mobility. As we continue our #sustainablethinking campaign, we are proud to back a company that is at the forefront of reducing urban pollution and congestion. Pure Electric’s innovative e-scooters and their collaboration with McLaren demonstrate a cutting-edge approach to micro-mobility, and we believe that together, we can shape a greener and smarter future,” said Jeff Evans Head of M&A at Zenises Group.
