Vaculug Invests in Pure Electric

Vaculug Ventures reports that it is investing in electric scooter manufacturer Pure Electric at a «pre-money valuation of £37.5m». Pure Electric is said to be «on a mission to revolutionise urban mobility, reducing pollution and congestion with its award-winning e-scooters».

Thanks to a partnership with McLaren and patented technology, Pure Electric is reportedly leading the way in the rapidly growing market.