Simple Energy raises ₹17.5 billion in Series C
The Indian electric-scooter maker is expanding manufacturing and sales capacity for its connected two-wheeler lineup.
Scaling scooters and the ownership network
Simple Energy sells electric scooters including the Simple One, pairing its vehicles with an app for trip insights, navigation and security settings. The company reported monthly production capacity of 10,000 units and more than 80 outlets across over 60 cities. The financing follows commercial sales as it builds out manufacturing, distribution and service operations.
Use of funds
Set up a new manufacturing facility
Increase production capacity
Expand distribution and service networks
Hire talent
Fund research and development for the next product cycle
Marketing and supply chain operations