Simple Energy raises $20 million in its ongoing Bridge round. These funds will be used in a gradual manner to increase the production of the Simple ONE electric two-wheeler.
The Bridge round saw investors from all over the country participate in the Round. This included the Founder of Thyrocare Technology, Dr. Arokiaswamy Velumani, Ashwin Hinduja, Gokaldas Group, Nash Industries’ owner, Sanjay Wadhawa and Sandeep Wadhawa, Chief Strategy and Evangelist, CEO’s office, Lambda Test’s Sripriya Kalyanasundaram, Purple Moon Ventures with existing investors, Vasavi Green Tech and Manish Bharti
Suhas Rajkumar is the founder and CEO of Simple Energy. He said that “EVs are growing rapidly in India and Simple Energy believes it can be a key player in this ecosystem. It has received an overwhelming pre-booking response of more than one lakh. To meet the demand, we are raising funds quickly.”
He said, “We have successfully debottlenecked product restrictions and are confident we will soon begin deliveries of India’s finest electric two-wheeler – the Simple ONE.”