Indian Institute of Technology Hyderabad-incubated startup PURE EV, which makes e-bikes and lithium batteries, has raised an undisclosed amount in funding from V.C.Nannapaneni, chairman and managing director Natco Pharma. PURE EV has also been developing a prototype of HVDC electric truck/ bus lithium battery modules and intends to showcase them in 2020 to potential collaborators. It is looking to ramp up its EV manufacturing capacity to 2,000 units per month by October 2019.