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Simple Energy to raise $15-20 million in its first institutional round - Updates
Portal India Climate Startups Update
Simple Energy to raise $15-20 million in its first institutional round 2023-02-14 |
The electric vehicle startup recently opened its plant at Shoolagiri, Tamil Nadu, built with an initial investment of Rs 100 crore.
Notes by Narsi VC investments in electric scooter companies show no signs of abatement, and I, for one am surprised, because these are products with little entry barriers, almost no customer tie in, and in ultra competitive markets where incumbents can swoop in at short notice.
Perhaps it is the last bit that interests investors - that incumbents can swoop in, and also buy out, some of these firms to gain a faster foothold in the market.
Recent Startup updates from Low Carbon Mobility
Micelio Mobility and NSRCEL, IIM Bangalore signed an MoU to help empower clean mobility startups in India Ola Electric provides sneak peek of upcoming e-car at customer event goEgoNetwork launches EV charging park in Pune iVOOMi Energy two Made in India Electric Scooter models ABB acquires controlling stake in EV charging startup Numocity EV Startup Mecwin India To Set p Rs 50 Cr Manufacturing Plant In Bengaluru Gensol to acquire majority stake in US based EV startup Electric Rickshaw Startup Oye! Rickshaw Charges Ahead In India EV Logistics Startup EVIFY Partners with Carbon Credit Advisory and Attains Carbon Neutrality Startup Exponent Energy to scale 15-min rapid EV charging with $13 million funding Pravaig Dynamics to Put India's first Electric Supercar on Roads by November 2022 Foxtini, an electric motor engineering start-up from New Delhi acquires a multimillion Euro deal Ather Energy hires the former head of Tesla Inc.’s India policy division Entrackr has prepared a report on startups which are emerging or have achieved product market fit in India EV Tech Start-up Matter Announces New Design Centre in Pune Electric motorcycle from startup Devot debuts Bullwork Mobility is developing autonomous electric vehicles for reducing operational cost for farmers Eicher Motors to Acquire Stake in European Electric Motorcycle firm Start Motors Simple Energy to raise $15-20 million in its first institutional round 15 min fast charging battery for 3 wheelers - Altigreen, in collaboration with energy startup Exponent Energy, has launched the neEV Tez EV battery startup Log9 has raised $40 Mn funding in its Series B round Yulu bikes and Magna have gotten into a joint venture to launch Yuma Energy Electric vehicle charging aggregator ElectricPe has closed a $5 Mn Pre-Series A funding round Magenta Mobility has raised $40 million in its Series B funding Zypp Electric raises funds of USD 25-million under series B funding from investors, led by Gogoro Vayve Mobility to launch solar-powered electric car Eva in the market in 2024 EV startup River on launched its first electric two-wheeler model Okaya has launched its newest model, the Faast F2F electric scooter Surat-based electric vehicle startup’s Director, Mr. Tushar Chhabhaya talks about their upcoming product Bhavish Aggrawal’s Ola Electric is set to invest a little over INR 7,600 Cr to set up manufacturing facilities in Tamil Nadu Altigreen is set to introduce a large passenger carrier next year to replace diesel three-wheelers used in district towns and villages Electric cab service company Evera has raised $7 million from investors led by Germany's IEG Investment Banking Group Ather Energy has installed over 1,000 fast-charging stations, Ather Grids, across 80 cities in India BluSmart to expand business with two manufacturing units of its own Bounce Infinity to launch E1 Limited Edition Electric Scooter In India Fyn Mobility, an integrated EV ecosystem platform, has partnered with Exponent Energy SUN Mobility showcased a lineup of innovative urban mobility products and solutions at the G20 Deep Tech Conference Turno raises $13.8 million in its Series A funding round led by US-based venture capital firms B Capital and Quona Capital Kabira Mobility raises $50 million funding from Qatar-based conglomerate Al-Abdulla Group Odysse Electric Vehicles plans for setting up a second manufacturing facility Aventose Energy releases a new electric scooter, namely S110 Surat-based startup, Vani Moto opens a "battery swapping centre," Enigma unveils 4 new EV two-wheelers and a prototype electric car racer VAAN Moto has launched two e-bike models, Urbansport and Urbansport Pro Yulu Partners with Food Delivery Platform Zomato Powering India's EV Future: An Inside Look at The Energy Company's Full-Stack Battery Solutions Ask The Startup - Prabhjot Kaur of Esmito Solutions
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