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EV and clean energy startup Simple Energy has secured $20 Mn in its Series A funding round led by SaaS startup Klarity's chief growth officer and existing investor Balamurugan Arumugam

The freshly raised funds will be used to expand the startup's footprint across India and facilitate new product development. Besides, it will fuel Simple Energy's entry into new markets as well as scale up its two key EV scooter offerings, Simple One and Simple Dot One.

Notably, Simple Energy's CEO and founder Suhas Rajkumar also said that the capital raised will be deployed to bolster our production capacity and expand our dealership network nationwide.
 

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