Simple Energy has secured ₹1,750 crore in an all-equity Series C round, taking total funding beyond ₹2,530 crore. The investment will support manufacturing expansion, product development and a wider sales and service network.

Ultraviolette has announced an $85 million funding round to expand manufacturing, support its upcoming Tesseract and Shockwave models, and develop future EV platforms. The company is also targeting US entry in 2027.