EV startup Simple Energy raises $182 Mn in Series C round
Electric two-wheeler maker Simple Energy has raised Rs 1,750 crore ($182 million) in a Series C funding round. This is its largest fundraise to date. The fundr
Via Entrackr
The fresh capital will be used to set up a new manufacturing facility, increase production capacity, expand its distribution and service network, and hire talent.
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Bengaluru-based electric two-wheeler maker Simple Energy has raised Rs 1,750 crore ($182 million) in a Series C funding round. This is its largest fundraise to date and the third-largest funding by an Indian electric two-wheeler OEM, according to the company.
The fundraise was led by the family office of Dr Arokiaswamy Velumani, founder…
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