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India

Simple Energy, India raises INR 2.5 billion in Series B for electric two-wheelers

On June 1, Bengaluru-based electric two-wheeler maker Simple Energy closed a Series B funding round of INR 2.5 billion, comprising a mix of debt and equity. The round was led by the family office of Dr. Arokiaswamy Velumani, alongside founder and CEO Suhas Rajkumar and co-founder and CFO Ankit Gupta. Debt partners in....

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