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The Economic Times
The Economic Times
Puran Choudhary

EV-maker Simple Energy raises Rs 250 crore, eyes IPO in FY28 second half

Simple Energy ET IPO Bengaluru

Bengaluru-based electric two-wheeler maker Simple Energy has raised Rs 250 crore in a funding round through a mix of debt and equity, as the company looks to scale manufacturing capacity and expand its retail footprint.

The recent round was led by the family office of Arokiaswamy Velumani, founder of Thyrocare Technologies, along with participation from Simple Energy’s founders. Debt financing came from HDFC Bank, Capitar Ventures and other NBFCs, contributing Rs 123 crore.

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