Simple Energy raises over USD 20 million in the ongoing Bridge round. The company aims at utilizing these funds in a phased manner to ramp up production of its much-awaited premium and affordable electric scooter, the Simple ONE. Since the commencement of bookings of this unique offering, the company has received a phenomenal response with over 1 lakh bookings received from its customers.

The Bridge round witnessed the participation of investors from across the country. The prominent investors who participated in this round were, Arokiaswamy Velumani, Founder, of Thyrocare Technologies, Ashwin Hinduja of Gokaldas Group, Sanjay and Sandeep Wadhawa, Owner, of Nash Industries, Sripriya Kalyanasundaram, Chief Strategy and Evangelist to CEO’s office, Lambda Test, Purple Moon Ventures along with existing investors like Manish Bharti and Vasavi Green Tech.

Suhas Rajkumar, Founder and CEO, of Simple Energy, said, “With the propagation of EVs catching up on a massive scale in India, we believe in being a key participant in this eco-system. I would like to thank our customers. We have successfully de-bottlenecked product constraints and are confident that we will soon start deliveries of India’s finest and premium 2-Wheeler EV – the Simple ONE.”

Arokiaswamy Velumani, Founder, of Thyrocare Technologies said, “Simple Energy is one of the few startups which has all the ingredients to be a market leader. I am convinced that Simple Energy will bring a paradigm shift in how the Indian consumer views technologically advanced EV two-wheelers and will be a world-class brand that people of Indian origin everywhere will be proud of."