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IPO-bound electric two-wheeler maker Simple Energy on Thursday said it has raised $10-million in an all-equity funding round for pan-India network expansion and reasearch and development (R&D) activities.
The latest funding round was led by existing investor Arokiaswamy Velumani, Founder of Thyrocare‘s Family Office, in participation with fellow existing investors — Balamurugan Arumugam and the Haran family office, Simple Energy said.
The Bengaluru-headquartered automotive firm has so far raised $51 million from marquee investors.
The company has…
