Bengaluru, Sep 25 (PTI) IPO-bound electric two-wheeler maker Simple Energy on Thursday said it has raised USD 10-million in an all-equity funding round for pan-India network expansion and reasearch and development (R&D) activities.

The latest funding round was led by existing investor Arokiaswamy Velumani, Founder of Thyrocare's Family Office, in participation with fellow existing investors -- Balamurugan Arumugam and the Haran family office, Simple Energy said.

The Bengaluru-headquartered automotive firm has so far raised USD 51 million from marquee investors.

The company has already announced its plans to go public, as it is looking to raise USD 350-million through an IPO next fiscal, to fuel manufacturing expansion and other growth initiatives.

"This (fresh) investment will bolster

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