Simple Energy said the newly raised capital will be strategically deployed to enhance production capacity and extend their dealership network across the country. The company sells two models, the Simple One and the Simple Dot One.
Currently piloting in Bengaluru, Simple Energy has commenced deliveries in the city. The company is also preparing to open dealership stores in multiple cities including Bengaluru, Mysore, Chennai, Vijayawada, Goa, Vizag, Kochi, Mumbai, Pune, Ahmedabad, Surat, Delhi, and Hyderabad in the coming weeks.
"The enthusiastic reception from our initial customer base in Bengaluru has been truly remarkable, and we extend our heartfelt appreciation to all our investors for their trust in our brand," said Simple Energy Founder & CEO Suhas Rajkumar.
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