India, March 4 -- Taking a step towards its initial public offering, electric vehicle manufacturer Pure EV has converted into a public company.

The Hyderabad-based startup's board passed a special resolution in September last year to change the status of its parent, PuR Energy, from private to public.

Following the board's approval, the Hyderabad-based EV maker changed its name to PuR Energy Ltd from PuR Energy Pvt Ltd earlier, as per its regulatory filings accessed by Inc42.

The conversion of a private entity to a public entity is a requisite process for companies intending to be listed on the stock exchange.

The conversion took place in the same month when the startup said in a statement that it plans to go for its IPO in 2025.

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