Simple Energy raised ₹250 crore through a strategic mix of debt and equity in its Series B round.
The equity portion was led by the family office of Thyrocare founder Dr. Arokiaswamy Velumani.
The funds will aggressively scale manufacturing capacity to 15,000 units per month by March next year.
The EV maker aims to file for an initial public offering in the second half of FY28.
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