BENGALURU: Electric vehicle (EV) startup, Simple Energy, has raised $21 million as part of an equity funding round, the company said on Thursday. Two-year old Simple Energy aims to accelerate the adoption of electric vehicles by making them more accessible, affordable, and secure. Simple Energy will undoubtedly lead the automobile industry to support the EV push to sustainable mobility," said Bharti. Simple Energy is also expected to use the proceeds from the current fundraise to boost the set up for its first phase of production. Simple Energy will be one of those startups that will set the right standards for the EV industry to grow in India," said a spokesperson from Sattva Group.

Source: Mint November 25, 2021 17:14 UTC