Pure's ₹400 Crore Investment to Drive Innovation in Energy Storage Products

Energy storage solutions provider Pure announcedrecently  a ₹400 crore investment plan over the next 18-36 months. This capital injection will be directed towards expanding its production of batteries and power electronics, as well as enhancing its in-house firmware capabilities.

This significant investment will enable Pure to scale its production capacity tenfold, from the current 250 megawatt hours (MWh) to 2.5 gigawatt hours (GWh). The expansion, financed through a combination of equity and debt, follows previous investments exceeding ₹100 crore in research and development, plant establishment, and battery manufacturing.