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India

Simple Energy, India raises INR 17.5 billion in Series C funding to expand electric two-wheeler manufacturing

On September 30, Bengaluru-based electric two-wheeler manufacturer Simple Energy raised INR 17.5 billion in its Series C funding round, entirely through equity. The family office of Dr Arokiaswamy Velumani led the round, with participation from the company’s founders and other investors.
It is the third-largest fundi....

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