EV two-wheeler maker Simple Energy bags Rs 1,750 Cr funding
Electric two-wheeler maker Simple Energy has raised Rs 1,750 crore in its Series C funding round, marking the third-largest funding round in a growing EV two-wheeler space.
Via YourStory
The fresh funding round was led by the Dr Arokiaswamy Velumani Family Office, alongside Simple Energy’s Founder and CEO Suhas Rajkumar and Co-founder and CFO Ankit Gupta, with participation from Bengaluru-based HNI Amit Mishra and the Haran Family Office.
The capital will be used to drive the company’s next phase of growth across manufacturing, product development, and retail.
A significant portion of the funds will go towards expanding its retail and service networks, scaling up production at its existing plant…
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