PURE EV has signed an MoU with Jio Things Limited to integrate smart digital clusters and 4G telematics into its electric two-wheelers, enhancing connectivity and real-time monitoring.
Hon’ble Minister of State for Textiles & Foreign Affairs, Shri Pabitra Margherita, inaugurated SILKTECH 2025 at Bharat Tex in New Delhi, emphasising innovations in silk technology and sustainability.
With ₹2,250 crore allocated under the Export Promotion Mission, the government is working on reducing collateral requirements for export financing and enhancing support for regulatory compliance.
The deal follows key policy moves in the FY2025-26 Union Budget, including duty exemptions on capital goods, aiming to enhance local lithium-ion battery production and reduce import dependence.
The company is also exploring quick commerce partnerships with platforms like Zepto for utility products such as school shoes and EVA slippers to boost sales.
To strengthen its presence in emerging markets, the company is looking to expand into Tier 2, 3, 4, and 5 cities through strategic franchise partnerships.
PMI Electro Mobility has secured ₹250 crore in funding from a consortium led by Authum Investment & Infrastructure and Gruhas to expand its electric bus fleet and enhance production capabilities.