India’s electric vehicle market is witnessing another major boost as EV startup Simple Energy has raised $10 million in a bridge funding round to accelerate its retail expansion. The round was led by the family office of Thyrocare founder Dr Arokiaswamy Velumani, with additional participation from Balamurugan Arumugam and Haran Family Office, signaling strong investor confidence in India’s EV…
Ola Electric Board Approves Rs 1,700 Crore Debt Fundraise After IPO
Ola Electric Mobility Ltd, the electric vehicle startup led by Bhavish Aggarwal, is gearing up for its next big financial move. The company announced that its board has approved raising up to Rs 1,700 crore through debt instruments—a significant step as it looks to ramp up operations post-IPO.
This marks Ola Electric’s first…
