{"id":553897,"date":"2023-02-08T09:28:51","date_gmt":"2023-02-08T03:58:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=553897"},"modified":"2023-02-08T10:57:19","modified_gmt":"2023-02-08T05:27:19","slug":"ev-startup-simple-energy-raises-20-mn-from-investors-in-bridge-round","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ev-startup-simple-energy-raises-20-mn-from-investors-in-bridge-round\/","title":{"rendered":"EV startup Simple Energy raises $20 mn from investors in Bridge round"},"content":{"rendered":"<p>Electric vehicle startup Simple Energy on Tuesday announced raising USD 20 million (about Rs 165 crore) from a clutch of investors as a part of its ongoing Bridge round.<\/p>\n<p>The funds will be utilised in a phased manner to ramp up production of the company&#8217;s maiden e-scooter Simple ONE, which has not yet been delivered to a single customer even after 18 months of its launch.<\/p>\n<p>The company has been deferring deliveries of the vehicle since December 2021.<\/p>\n<p>&#8220;We have received a phenomenal pre-booking response, and to cater to the demand, we are raising funds in a timely manner. The funds raised will be strategically used to aid the production ramp-up and for a quicker delivery commencement,&#8221; said Suhas Rajkumar, founder and CEO of Simple Energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electric vehicle startup Simple Energy on Tuesday announced raising USD 20 million (about Rs 165 crore) from a clutch of investors as a part of its ongoing Bridge round. The funds will be utilised in a phased manner to ramp up production of the company&#8217;s maiden e-scooter Simple ONE, which has not yet been delivered to a single customer even after 18 months of its launch. The company has been deferring deliveries of the vehicle since December 2021. &#8220;We have received a phenomenal pre-booking response, and to cater to the demand, we are raising funds in a timely manner. The [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-553897","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=553897"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553897\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=553897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=553897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=553897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}