HYDERABAD, Nov 19: Incubated from the i-TIC at IIT Hyderabad, PURE EV, one of India’s leading electric two-wheeler manufacturers, on Tuesday announced a strategic partnership with Arva Electric Vehicles Manufacturing LLC, a subsidiary of Clarion Investment LLC.
This collaboration aims to enhance the distribution and sales of electric motorcycles and bring sustainable mobility options to consumers across the Middle East and African regions, the Electric two-wheeler manufacturing company said in a release.
PURE EV will supply Arva Electric with an initial batch of 50,000 units of its flagship models ecoDryft and eTryst X over the next few years. Following this initial phase, the supply is expected to increase to 60,000 units annually, solidifying PURE EV’s presence in these emerging markets.
Dr. Nishanth Dongari, Founder and Managing Director of PURE EV said, “This partnership not only aims to enhance sales but also to foster sustainable mobility solutions in regions where electric motorcycles are rapidly gaining traction, marking a significant step towards expanding our footprint in Middle East and African markets. By leveraging our strengths and capabilities with Arva Electric, we are poised to significantly impact the electric vehicle landscape globally.”
Aniyan Kutty, Managing Director, Arva Electric Vehicles Manufacturing LLC said, “We are pleased to partner with PURE EV, as their expertise in R&D and cutting-edge technology helps in building efficient and reliable 2W products. Both companies are committed to promoting eco-friendly mobility solutions to reduce carbon emissions and support environmental sustainability in these regions.”
The UAE electric two-wheeler (E2W) market is projected to witness a CAGR of 9.11 percent during the forecast period 2024-2031, growing from USD 29.97 million in 2023 to USD 60.19 million in 2031.
The demand for the UAE electric two-wheeler market is expected to rise owing to the easy accessibility of electric motorcycles, rising prices of gasoline products, and increasing efficiency of vehicles compared to traditional vehicles.
PURE EV will maintain all intellectual property rights related to motorcycles for the protection of proprietary technologies as they expand their market penetration.
In addition to supplying motorcycles, PURE EV will serve as a strategic technology partner to Arva Electric, providing expertise and support throughout the distribution process. (UNI)
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