EV startup Simple Energy raised $21 million in equity funding

Electric vehicle (EV) startup, Simple Energy raised $21 million as part of an equity funding from company's current investors and board members, Manish Bharti of UiPath and Raghunath Subramanian, Non-executive Chairman, UiPath India where new investors such as Sattva Group, Athiyas Group and several high net-worth individuals (HNIs) also participated.

Simple Energy is a research and development-driven company on a mission to build the future of electric and connected mobility. This new capital will be used to boost the company's expansion plans by increasing manufacturing capacity, accelerating new product development, and expanding experience centres. Simple Energy is on the cutting edge of revolutionising the domestic automobile industry.

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