Angel Investments
EV scooter maker Simple Energy raises $20-M more
Bengaluru-based electric vehicle and clean energy startup, Simple Energy has raised USD 20 million in series A round. The round saw participation from existing investors including Haran family office, Dr A Velumani’s family office, the Vasavi family office, the Desai Family office, and the promoter group of Apar Industries.Founded in 2019, by Suhas Rajkumar and Shreshth Mishra, the brand aims to develop everything in-house - from surface and chassis design to battery and motor development. It will use the funds to scale up the production of its two key offerings: Simple One and Simple Dot One, to enter new markets, expand its presence across India, and facilitate new product development.
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