Simple Energy has raised ₹1,750 Cr in Series C funding, taking its total equity capital raised to $264 Mn
The fresh capital will help Simple support its next phase of growth by fueling key functions like marketing, supply chain, R&D and hiring
The startup currently operates 80 sales outlets across 60 Indian cities and claims to be commanding a production capacity of 10,000 units per month
Electric two-wheeler (E2W) manufacturer Simple Energy
has raised $180 Mn (₹1,750 Cr) in its Series C funding round. The round was led by Dr. Arokiaswamy Velumani Family Office and saw participation from the Haran Family Office, and angel investor Amit Mishra. Simple Energy’s founder and CEO Suhas Rajkumar and cofounder and CFO Ankit Gupta also participated in the equity funding round.
The Bengaluru-based startup intends to utilise the fresh capital to support its next phase of growth by fueling key functions like marketing, supply chain, R&D and hiring.
The Series C round materialised three months after the EV startup closed its ₹250 Cr Series B funding round. The round was also led by the family office of Dr. Arokiaswamy Velumani. With Simple’s largest funding haul till date, its total equity raise now stands at $264 Mn (₹ 2,530 Cr).
“Our priorities are a new manufacturing facility, higher production, an expanded distribution and service network, and the next generation of products. The continued support of our early investors reinforces our progress as we work to make Simple Energy one of India’s leading full-stack E2W companies,” CEO Rajkumar said.
Founded in 2019 by Rajkumar, Simple Energy was later joined by Shreshth Mishra and Gupta. The EV startup currently sells three electric scooters — Simple One, Simple OneS and Simple Ultra.
In a bid to expand beyond its high-performance Simple One model, the startup recently launched the Simple Wave, an affordable family scooter series starting at ₹1.10 Lakh (ex-showroom). However, on the sales front, the EV maker’s monthly sales for August stood at 1,508, contracting 9.5% from 1,666 E2W scooters sold in July.
The startup currently operates 80 sales outlets across 60 Indian cities, including Delhi, Patna, Hyderabad, and Chennai. It claims to be commanding a production capacity of 10,000 units per month.
It is also looking to expand its dealer-operated store network to 160–170 outlets by March 2027.
The startup reported revenue of around ₹171 Cr in FY26, as the founder claimed, up sharply from roughly ₹44 Cr in FY25. Rajkumar attributed the growth largely to the underlying demand for its products rather than any single growth lever.
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