Report
Simple Energy raises $180 million in Series C round
Inc42 reports the Bengaluru-based EV maker plans to use the funding to expand manufacturing, distribution and service networks, while investing in R&D, marketing and hiring.
TLDR
Inc42 reports Simple Energy raised $180 million (₹1,750 crore) in a Series C round led by the Dr. Arokiaswamy Velumani Family Office. The round brings its total equity funding to $264 million (₹2,530 crore). As of Inc42’s September 30 report, the company had 80 sales outlets across 60 cities and planned to reach 160–170 outlets by March 2027.
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