The electric two-wheeler maker plans to use the fresh capital to expand manufacturing, strengthen its product range, and grow its presence across India.
Bengaluru-based electric two-wheeler manufacturer Simple Energy has raised ₹1,750 crore, or about $180 million, in its Series C funding round as it prepares to expand manufacturing, strengthen its product portfolio and grow its presence across India.
The round was led by the Dr Arokiaswamy Velumani Family Office, with participation from Simple Energy Founder and CEO Suhas Rajkumar, Co-founder and CFO Ankit Gupta, Bengaluru-based HNI Amit Mishra and the Haran Family Office.
The company said the latest round is its largest funding raise to date and among the largest funding rounds secured by an Indian electric two-wheeler manufacturer.
Capital to Fund Manufacturing and Expansion
Simple Energy plans to use the new capital across manufacturing, marketing, supply chain, research and development, and hiring.
The company is also planning a new manufacturing facility, higher production capacity, a larger distribution and service network and additional products.
Suhas Rajkumar, Founder and CEO of Simple Energy, said the company had spent the past few years building its technology, products, manufacturing capabilities and retail network in-house.
“This round gives us the capital to scale that foundation,” Rajkumar said, adding that the company aims to become one of India’s leading full-stack electric two-wheeler companies.
Thyrocare Founder Backs Simple Energy
Dr Arokiaswamy Velumani, founder of Thyrocare, AVMLabs and AVMSmiles, said he had been associated with Simple Energy since its early days and highlighted the company’s reported fourfold growth over the past year.
He pointed to Simple Energy’s in-house technology covering its chassis, battery, motor and software as a differentiator in India’s electric two-wheeler market.
Velumani said the next phase would focus on manufacturing, marketing and expanding the company’s retail network.
Total Capital Raised Crosses ₹2,530 Crore.
The latest funding follows a ₹250 crore debt and equity round in June 2026, also led by Dr Velumani’s family office, with participation from Simple Energy’s founders.
With the Series C round, Simple Energy said its total capital raised has crossed ₹2,530 crore.
Its investor base includes the Dr Arokiaswamy Velumani Family Office, Amit Mishra, Balamurugan Arumugam, the Haran Family Office, the Desai Family Office, which promotes Apar Industries, and the Vasavi Family Office.
Simple Energy Expands Its Product Line
Simple Energy currently has production capacity of 10,000 units per month and says it ranks among India’s top 10 electric two-wheeler manufacturers by monthly sales.
The company currently sells the Simple One and has introduced two additional products in the past eight months, the Simple Wave and Simple Ultra, targeting family and performance scooter segments.
Simple Energy says it has more than 80 outlets across over 60 cities, including Bengaluru, Delhi, Patna, Hyderabad and Chennai.
The company plans to use its latest funding to increase production, expand its retail and service footprint, and develop its next generation of electric two-wheelers as competition intensifies across India’s EV market.
Photo: (L-R) Suhas Rajkumar, Simple Energy founder and CEO; Dr. A. Velumani, Thyrocare founder; Shreshth Mishra and Ankit Gupta, Simple Energy co-founders
