Stories
Simple Energy Secures Rs 1,750 Crore in Series C Funding for Massive Expansion
N
News18•30-09-2026, 17:15
Simple Energy Secures Rs 1,750 Crore in Series C Funding for Massive Expansion
- •Simple Energy raised Rs 1,750 crore in Series C equity funding, bringing total funding to Rs 2,530 crore.
- •The funding will drive the company's next phase of growth, including a new manufacturing facility, capacity enhancement, and network expansion.
- •The round was led by Velumani Family Office, Simple Energy's Founder and CEO Suhas Rajkumar, and Co-founder and CFO Ankit Gupta, with participation from HNI Amit Mishra and Haran Family Office.
- •Funds will be used to expand retail and service networks, ramp up production, set up a new manufacturing facility, hire across key functions, and invest in R&D.
- •Simple Energy aims to be among the top three electric two-wheeler players in India within three years, leveraging its in-house technology for chassis, battery, motor, and software.
Key Questions Answered
Electric two-wheeler maker Simple Energy secured Rs 1,750 crore in equity capital during its Series C funding round to drive its next growth phase, marking its largest funding round to date.
The Series C round was led by the Velumani Family Office alongside Simple Energy Founder and CEO Suhas Rajkumar and Co-founder and CFO Ankit Gupta, with participation from Bengaluru-based HNI Amit Mishra and the Haran Family Office.
Most of the fresh capital will be deployed toward setting up a new manufacturing facility, ramping up production at the existing plant, and expanding retail and service networks. The remaining funds will support hiring across key functions and ongoing R&D for the next product cycle.
