Home Two wheelers oi-Rahul Nagaraj By Rahul Nagaraj Updated: Monday, January 11, 2021, 11:35 [IST] Simple Energy — a Bengaluru-based electric scooter manufacturer has announced that they will be introducing their flagship product in the coming months. The new e-scooter from Simple Energy, christened ‘Mark-2’ will go on sale in India from May 2021. The company has also confirmed that they have managed to raise an undisclosed amount in pre-series funding. The funding is said to have come from angel investors Mr Vel Kanniappan and four others. Simple Energy is hoping to further raise another 8 to 10 million dollars of funding in the Series A funding, during the second quarter of this year. The Simple Energy Mark-2 will be the brand’s flagship electric scooter offering in the country. The Mark-2 electric scooter will initially be available in select cities across India. This includes Bengaluru and Delhi followed by Chennai, Mumbai and Hyderabad as well. Suhas Rajkumar, Founder of Simple Energy, “Closing the pre-series round has given the year a great start. We’re glad to have investors like Mr Vel and the other four investors believe in the idea of Simple Energy. This pre-series has come in at the right… Read full this story
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