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Simple Energy Secures Rs 1,750 Crore in Series C Funding to Fuel Expansion
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Moneycontrol•30-09-2026, 17:00
Simple Energy Secures Rs 1,750 Crore in Series C Funding to Fuel Expansion
- •Bengaluru-based electric two-wheeler maker Simple Energy has successfully raised Rs 1,750 crore (approximately $180 million) in an all-equity Series C funding round.
- •The funding round was spearheaded by the Dr Arokiaswamy Velumani Family Office, with significant contributions from Simple Energy's founder and CEO Suhas Rajkumar and co-founder and CFO Ankit Gupta.
- •Simple Energy plans to strategically deploy the fresh capital to significantly expand its production capabilities, diversify its product portfolio, and broaden its retail footprint across India.
- •A substantial portion of the proceeds is specifically allocated for enhancing its retail and service network, boosting output at its current manufacturing plant, and establishing a second production facility.
- •The company aims to reach full production capacity by March, increase monthly scooter output to 20,000-25,000 units within 10-12 months, and expand its store count to 150 by March, with an IPO targeted for FY28.
Key Questions Answered
Simple Energy raised Rs 1,750 crore (around $180 million) in an all-equity Series C funding round led by the Dr Arokiaswamy Velumani Family Office.
Simple Energy will deploy the fresh capital to expand its production output, portfolio, and retail footprint, which includes widening its service network, boosting capacity at its current plant, and establishing a second facility.
No, the company does not plan to raise another funding round and is instead targeting a public stock listing in fiscal year 2028.
