Simple Energy Raises $180 Mn To Unlock Next Growth Phase
Electric two-wheeler (E2W) manufacturer Simple Energy has raised $180 Mn (₹1,750 Cr) in its Series C funding round. The round…
Simple Energy, an Indian electric two-wheeler manufacturer, has raised $180 million in its Series C funding round. Led by Dr. Arokiaswamy Velumani Family Office, the round saw participation from the Haran Family Office and angel investor Amit Mishra. The startup's CEO, Suhas Rajkumar, and CFO, Ankit Gupta, also participated in the equity funding.
With the fresh capital, Simple Energy plans to bolster marketing, supply chain, research and development, and hiring to support its growth. The Series C round came three months after the startup closed a ₹250 Cr Series B funding round, led by the same family office.
Total equity raised by the Bengaluru-based EV startup now stands at $264 million. CEO Rajkumar stated that the company's priorities include building a new manufacturing facility, increasing production, expanding the distribution and service network, and developing its next-generation products.
Simple Energy currently sells three electric scooters - Simple One, Simple OneS, and Simple Ultra. It recently launched the affordable family scooter series, Simple Wave, priced at ₹1.10 lakh ex-showroom. The startup's monthly sales for August contracted 9.5% to 1,508 scooters, down from 1,666 sold in July.
As of now, Simple Energy operates 80 sales outlets across 60 Indian cities and aims to have 160-170 dealer-operated stores by March 2027. The company reported revenue of around ₹171 crore in FY26, up significantly from ₹44 crore in FY25. The growth was largely attributed to demand for the products rather than a single growth lever.
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