Stories
Simple Energy Secures ₹1,750 Crore to Target Mass-Market EV Segment
C
CNBC TV18•30-09-2026, 17:01
Simple Energy Secures ₹1,750 Crore to Target Mass-Market EV Segment
- •Bengaluru-based electric two-wheeler maker Simple Energy raised ₹1,750 crore in a Series C funding round led by existing investors, bringing its total capital raised to over ₹2,530 crore.
- •The company plans to use the fresh capital to ramp up production, strengthen its supply chain, invest in research and development, and expand its retail network.
- •Simple Energy recently launched the Simple Wave family scooter priced at ₹1,09,999 to target India's massive family-scooter market.
- •The funding round was led by the Dr Arokiaswamy Velumani Family Office, along with founder and CEO Suhas Rajkumar, co-founder and CFO Ankit Gupta, Amit Mishra, and the Haran Family Office.
Key Questions Answered
Simple Energy raised ₹1,750 crore in its Series C funding round led by existing investors, which brings its total capital raised to over ₹2,530 crore.
The Simple Wave is priced at an introductory ex-showroom rate of ₹1,09,999, with deliveries scheduled to begin in the final week of September.
Simple Energy intends to use the funds to scale up production, strengthen its supply chain, invest in research and development, and hire more employees.
