Electric two-wheeler maker Simple Energy on Wednesday announced securing ₹1,750 crore equity capital in its Series C round to drive its next phase of growth, including a new manufacturing facility, capacity enhancement, network expansion, among others.
Simple Energy is backed by billionaire entrepreneur and Thyrocare founder Arokiaswamy Velumani.
The round was led by Velumani Family Office, along with Simple Energy’s Founder and CEO Suhas Rajkumar, and Co-founder and CFO Ankit Gupta, in participation with Bengaluru-based HNI Amit Mishra and the Haran Family Office, the company said.
This is the company’s largest funding round, which takes the total funding to ₹2,530 crore to date from a mix of investors and HNI’s, and comes close on the heels of a ₹250-crore fund infusion led by the existing investors in a mix of debt and equity in June this year.
This is also the third-largest fund raise among other electric two-wheeler makers, it said.
Rajkumar had earlier this month told PTI that Simple Energy was working on a large fundraiser.
“Over the past few years, we have built our core technology, products, manufacturing capabilities, and retail network in-house. This round (Series C) gives us the capital to scale that foundation,” said Rajkumar.
“Our priorities are a new manufacturing facility, higher production, an expanded distribution and service network, and the next generation of products,” he said.
Simple Energy said the fresh capital will support the next phase of the company’s growth across manufacturing, product, and retail. Most of the funds will be deployed in expanding the company’s retail and service networks, ramping up production at the existing plant, and setting up a new manufacturing facility.
The remaining funds will be used to hire across key functions and continue investment in research and development for the next product cycle, it said.
“Simple Energy owns end-to-end technology for chassis, battery, motor, and software. That is very rare in the Indian EV vertical. The next phase will focus on scaling in manufacturing, marketing, and retail networks. With tailwinds of global challenges in fossil energy, Simple is well positioned to be in the top three players of the electric two-wheeler vertical in India in just 3 three years,” said Velumani.
Simple Energy currently operates at a production capacity of 10,000 units per month and is among India’s top 10 electric two-wheeler manufacturers by monthly sales, primarily driven by two scooter models – Simple One and Simple Wave – of the four in its product portfolio.
The company has over 80 outlets across 60-plus cities, including Bengaluru, Delhi, Patna, Hyderabad, and Chennai, among others.
Published on September 30, 2026
