Simple Energy Expands With Six New Stores

Simple Energy has announced the opening of six new experience stores across India. The stores, located in Vijayawada, Bangalore, Pune, and Goa, will showcase Simple Energy's electric vehicles and provide an immersive customer experience. The openings are scheduled between August 25 and September 11, 2024.

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This expansion is part of Simple Energy's plan to open 45 dealership stores by the end of the year. The company is known for its innovative approach to electric mobility and commitment to sustainability.

Recently, Simple Energy secured $20 million (₹ 167.46 Crore) in Series A funding from existing investors, which will accelerate growth, enhance production, and expand its market reach. The funding will be used to ramp up production, establish a broader dealership network, and invest in research and development.

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With a target revenue of ₹150 crore for the current fiscal year, Simple Energy is poised to become a major player in the Indian electric vehicle market. The company's commitment to innovation and sustainable mobility has garnered significant attention from investors and customers alike.