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EV startup Simple Energy raises $20 million in funding

Economic Times · 8m

Simple Energy, an electric two-wheeler startup, has secured $20 million in a Series A funding round. The funding will be utilized to increase production capacity, expand across new markets, and develop new products. Simple Energy's Founder and CEO expressed gratitude to the investors and mentioned plans to enhance production capacity and establish dealership networks nationwide. Currently in a pilot phase in Bengaluru, the company aims to expand its reach to several cities in the upcoming weeks. Simple Energy offers two products, the Simple One and Simple Dot One.