Archive · 25 Sep 2025
Simple Energy Secures $10M in Bridge Funding
Simple Energy, a company that makes electric scooters, received $10 million from investors.
This money will help them open more stores across India and invest in marketing.
Simple Energy currently has 53 stores and plans to expand rapidly this year.
They will also use some of the funds for research and development.
The company, founded in 2019, aims for an initial public offering (IPO) in 2027 to further grow its business.
Simple Energy secured $10 million in bridge funding.
The funding round was led by Thyrocare founder's family office.
Funds will be used for network expansion, marketing, and R&D.
The company aims to open 150 new stores this year.
Simple Energy is planning an IPO in FY2027 to raise $350 million.
- Who
- Simple Energy, an electric two-wheeler startup
- What
- Raised $10 million in a bridge funding round.
- When
- Recently, announced on September 25, 2025.
- Where
- Bengaluru, India.
- Why
- To expand its network, marketing, and R&D.
- Funding Amount
- $10 million
- Funding Round
- Bridge
- Lead Investor
- Dr. Arokiaswamy Velumani's family office
- Total Funds Raised
- $51 million
- Current Outlets
- 53
- Planned Store Count
- 150 (this year)
- Manufacturing Capacity
- 150,000 vehicles annually
- Planned IPO
- FY 2027, targeting $350 million
