EV Startup Simple Energy Raises $10 Mn To Expand Store Network

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SUMMARY

The bridge round was led by the family office of Thyrocare founder Dr Arokiaswamy Velumani, with participation from Balamurugan Arumugam and Haran Family Office

Simple Energy is looking to expand its store count to 100 by December this year and to 150 by March 2026 from 53 currently

The EV startup clocked a revenue of INR 27 Cr in Q1 FY26 compared to its revenue of INR 40 Cr in the entity FY25, cofounder Suhas Rajkumar said

Electric two-wheeler startup Simple Energy has raised $10 Mn (about INR 88 Cr) in a bridge…



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EV Startup Simple Energy Raises $10 Mn To Expand Store Network


SUMMARY

The bridge round was led by the family office of Thyrocare founder Dr Arokiaswamy Velumani, with participation from Balamurugan Arumugam and Haran Family Office

Simple Energy is looking to expand its store count to 100 by December this year and to 150 by March 2026 from 53 currently

The EV startup clocked a revenue of INR 27 Cr in Q1 FY26 compared to its revenue of INR 40 Cr in the entity FY25, cofounder Suhas Rajkumar said

Electric two-wheeler startup Simple Energy has raised $10 Mn (about INR 88 Cr) in a bridge…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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