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Simple Energy had launched its first product earlier this year on August 15, called the Simple One, for a price of Rs 1.10 lakh (ex-showroom).
Suhas Rajkumar, Founder & CEO, Simple Energy said, “Electric vehicles are here to stay, and Simple Energy is leading its way in revolutionising the automobile industry in the country. The continuous support received from our existing and new investors reflects their belief and confidence in the brand and the sector. The pre-series round will not only help us broaden our product offerings but it will also speed up the production process."
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