Simple Energy to raise $15M ahead of electric scooter launch Leave a comment

Simple Energy, a Bangalore-based EV startup, that will launch its first electric scooter in India later this year, plans to raise $15 million (~Rs 112 Crores) in series A funding. 

The first round of series A funding is expected to be closed by the end of the third quarter which is around September 2021. The funding might be backed by VCs from India as well as New York. For those who are unaware, the series A funding will be a startup’s initial round of funding to optimize the user base and product offering. 

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