Vaculug invests in Pure Electric

Vaculug Ventures reports that it is investing in e-scooter maker Pure Electric at “a pre-money valuation of £37.5 million”. Pure Electric is reportedly “on a mission to revolutionize urban mobility by reducing pollution and congestion with its award-winning e-scooters”. With a partnership with McLaren and patented technology, Pure Electric purportedly holds a premium position in the fast-growing market.