Bengaluru-based electric two-wheeler manufacturer Simple Energy has raised ₹1,750 crore (US$182 million) in a Series C funding round. This represents the company's largest fundraise to date and the third-largest funding round by an Indian electric two-wheeler original equipment manufacturer. The all-equity round brings Simple Energy's total capital raised to more than ₹2,530 crore (US$263 million).
Funding Participants and Capital Structure
The Series C round was led by the Dr Arokiaswamy Velumani Family Office, alongside Founder and CEO Suhas Rajkumar and Co-founder and CFO Ankit Gupta. Bengaluru-based high-net-worth individual Amit Mishra and the Haran Family Office also participated in the round. The entire capital was raised through equity, reflecting strong investor confidence in the company's growth plans.
Plans for Manufacturing and Market Expansion
The fresh capital will support a new manufacturing facility, increased production capacity, expanded distribution and service networks, talent acquisition, and research and development for the next product cycle. Simple Energy will also allocate funds to marketing and supply chain operations. The company currently has a monthly production capacity of 10,000 units and operates more than 80 outlets across over 60 cities.
Growth, Products, and Revenue Momentum
Simple Energy has recorded more than fourfold growth in monthly sales over the past year and recently launched the Simple Wave and Simple Ultra for the family and performance scooter segments. These products join the existing Simple One electric scooter in the company's portfolio. The company reported operating revenue of approximately ₹150 to ₹160 crore in FY26, compared with about ₹40 crore in FY25.
Investor and Founder Commentary
Suhas Rajkumar, Founder and CEO, said the company has built its core technology, products, manufacturing capabilities, and retail network in-house, and this round provides the capital to scale that foundation. Dr A. Velumani, Creator of Thyrocare, AVMLabs, and AVMSmiles, noted that fourfold growth in a year reflects rapid expansion across both the company and the industry. He added that the next phase will focus on scaling manufacturing, marketing, and retail networks.
Company Background and Technology Focus
Founded in 2019 by Suhas Rajkumar and Shreshth Mishra, Simple Energy later brought Ankit Gupta on board as a cofounder. The company develops electric two-wheelers and key components such as chassis, battery, motor, and software in-house. It claims to be the first Indian original equipment manufacturer to commercially produce heavy rare-earth-free motors and to offer a lifetime warranty on its motor and battery.
Funding History and Industry Context
Before this Series C round, Simple Energy raised ₹250 crore through a mix of debt and equity in June 2026. It also secured a US$10 million all-equity bridge round in September 2025, US$20 million in Series A funding in July 2024, and earlier bridge and Pre-Series A rounds. The current fundraise comes amid rising investor activity in India's electric mobility sector, with several peer companies also closing significant rounds in recent months.
Simple Energy's latest fundraise provides significant capital to expand manufacturing, deepen retail reach, and advance product development in India's growing electric two-wheeler market. The all-equity Series C round reflects strong backing from investors and positions the company to compete more aggressively with established and emerging electric vehicle makers. As production and sales continue to rise, Simple Energy is likely to play a larger role in the country's transition to electric mobility.