EV Challenger Simple Energy Raises $10M for Massive Retail Expansion Against Ola & Ather

Simple Energy closes $10M Series B led by Dr A. Velumani for 150 stores, 200 service centres by 2025, challenging Ola/Ather with long-range EVs. Bengaluru-based EV startup Simple Energy has raised $10 million in a fresh all-equity bridge round, taking its total funding to $51 million. The round was led by Dr A. Velumani, founder of Thyrocare, through his family office, with support from existing investors. The funds are meant