Bengaluru-based electric vehicle startup Simple Energy announced the completion of a $21 million (Rs 155 crore) pre-series investment round.
The company had aimed to raise $15 million in fundraising, but immense investor interest resulted in Simple Energy raising a total of $21 million, it stated.
According to an official statement, this investment will be utilised to increase manufacturing capacity, accelerate new product development, and expand experience centres, consequently bolstering the company's expansion plans.
