Simple Energy raises $10 million for pan-India network expansion, R&D activities

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IPO-bound electric two-wheeler maker Simple Energy on Thursday said it has raised $10-million in an all-equity funding round for pan-India network expansion and reasearch and development (R&D) activities.

The latest funding round was led by existing investor Arokiaswamy Velumani, Founder of Thyrocare‘s Family Office, in participation with fellow existing investors — Balamurugan Arumugam and the Haran family office, Simple Energy said.

The Bengaluru-headquartered automotive firm has so far raised $51 million from marquee investors.

The company has…



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Simple Energy raises $10 million for pan-India network expansion, R&D activities



IPO-bound electric two-wheeler maker Simple Energy on Thursday said it has raised $10-million in an all-equity funding round for pan-India network expansion and reasearch and development (R&D) activities.

The latest funding round was led by existing investor Arokiaswamy Velumani, Founder of Thyrocare‘s Family Office, in participation with fellow existing investors — Balamurugan Arumugam and the Haran family office, Simple Energy said.

The Bengaluru-headquartered automotive firm has so far raised $51 million from marquee investors.

The company has…



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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