Bristol-based electric scooter company Pure Electric has launched its first crowdfunding campaign after smashing a £1m investment target in a private raise just hours beforehand.
The company, founded by millionaire businessman Adam Norris, launched its first public equity raise on Wednesday (October 19), as it looks to capitalise on its growth in Europe and drive further expansion.
Fast-growing Pure, which has seen a six-fold increase in revenue to £35m over the last two years, announced on Wednesday morning it had already surpassed expectations by securing almost £1.5m in a private raise before the three-week online campaign had started.
