IPO-bound Simple Energy eyes large fundraise to enhance production capacity, supply chain

The electric two-wheeler manufacturer Simple Energy is on the hunt for significant capital investment to elevate its production capabilities and fortify its supply chain operations. The target is to ramp up production to 10,000-12,000 scooters by March, a vital step towards…

Declining to give the quantum of funds the company was looking at, he said, "it is not just the product that is going to scale... for us backing is important because right now we can only scale up to 10,000. But beyond that, we need to infuse more capital in our factory and our…