6 days ago
Simple Energy raises ₹1,750 crore for electric scooter expansion
Simple Energy makes electric scooters in India.
The company has raised ₹1,750 crore from investors.
This is its biggest funding round so far.
The money will help it build another factory and make more scooters.
It will also open more sales and service outlets.
The company plans to hire more people and develop new products.
Simple Energy currently makes up to 10,000 scooters each month.
It sells models including Simple One and Simple Wave.
Simple Energy secured ₹1,750 crore in equity funding through its Series C round.
The funding will support a new manufacturing facility, higher production, and expanded retail and service networks.
The round was led by the Velumani Family Office and included company founders and other investors.
The latest round takes Simple Energy’s total funding to ₹2,530 crore.
The company operates at 10,000 units per month and has more than 80 outlets across over 60 cities.
- Who
- Simple Energy, led by Founder and CEO Suhas Rajkumar, raised the funding with support from the Velumani Family Office and other investors.
- What
- The electric two-wheeler maker secured ₹1,750 crore in Series C equity funding.
- Where
- The expansion will cover Simple Energy’s operations in India, including its existing plant and retail network.
- When
- The funding was announced on Wednesday and published on September 30, 2026.
- Why
- The capital will fund manufacturing expansion, increased production, retail and service networks, hiring, and research and development.
Key facts
- Funding round
- Series C
- Amount raised
- ₹1,750 crore in equity capital
- Total funding
- ₹2,530 crore to date
- Monthly production capacity
- 10,000 units
- Retail presence
- More than 80 outlets across over 60 cities
- Main models
- Simple One and Simple Wave
- Previous funding
- ₹250 crore in debt and equity raised in June
Quotes
Arokiaswamy Velumani
Billionaire entrepreneur, Thyrocare founder, and backer of Simple Energy
“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.”
thehindubusinessline.com
“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.”
thehindubusinessline.com
Sources
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