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Shadine Taufik · · 1 min read

India-based EV maker charges up with $20m round

Simple Energy is a clean energy startup that develops electric two-wheelers. The company is headquartered in India.

Funding details

  • Funding amount: US$20,000,000
  • Investors: Vasavi Green Tech, Manish Bharti, Arokiaswamy Velumani, Ashwin Hinduja, Sandeep Wadhwa, Sanjay Wadhwa, Sripriya Kalyanasundaram, Purple Moon Ventures
  • Stage: Bridge
  • Source

More details

Simple Energy

The company was founded in 2019 by Suhas Rajkumar.

Stage Amount (US$) Investors
Seed Undisclosed Raghunath Subramanian
Pre-series A 21 million Manish Bharti, Raghunath Subramanian
Bridge 20 million Vasavi Green Tech, Manish Bharti, Purple Moon Ventures, Ashwin Hinduja, Velumani Arokiaswamy, Sandeep Wadhwa, Sanjay Wadhwa, Sripriya Kalyanasundaram
Total 41 million

See also: Indonesia courts Tesla but faces EV roadblocks

Editing by Miguel Cordon and Dhania Putri Sarahtika

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Shadine Taufik

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