Published: 1 October 2026
StartupFeed Quick Take
- Simple Energy raised Rs 1,750 crore in its Series C round, its largest yet.
- The all-equity round takes total funding past Rs 2,530 crore.
- Next: a new factory, 150 stores by March, and a targeted IPO in the second half of FY28.
Bengaluru electric scooter maker Simple Energy has raised Rs 1,750 crore in a Series C round, its largest fundraise so far.
The Simple Energy Series C round was led by the family office of Dr Arokiaswamy Velumani, founder of the diagnostics chain Thyrocare. Founder and CEO Suhas Rajkumar and co-founder and CFO Ankit Gupta also joined.
Bengaluru investor Amit Mishra and the Haran Family Office joined too. The round was all equity. No debt was used.
The raise takes Simple Energy’s total capital past Rs 2,530 crore. The company calls it the third-largest funding round by an Indian electric two-wheeler maker.
Where the Simple Energy Series C Money Goes
Simple Energy will use the money to set up a new factory and lift output. It runs one plant with a capacity of 10,000 units a month.
The funds will also widen its sales and service network and pay for research on its next product. Some money will go to hiring, marketing and supply-chain work.
The company has more than 80 outlets across over 60 cities. Its range covers the Simple One, Simple Wave and Simple Ultra scooters.
By March, Simple Energy plans to grow its retail network to 150 stores. It says it will not raise more private money before a targeted IPO in the second half of FY28.
This is Simple Energy’s sixth funding round since 2021. It raised Rs 250 crore in debt and equity in June 2026, and a $10 Mn bridge round in September 2025.
Its Series A, in July 2024, brought in $20 Mn. It had raised $21 Mn in pre-Series A funding in November 2021.
In FY26, Simple Energy reported operating revenue of about Rs 150-160 crore. That is close to four times the Rs 40 crore it posted in FY25.
The company says monthly sales have grown more than four times in the past year. Most sales come from the South.
Founded in 2019 by Suhas Rajkumar and Shreshth Mishra, Simple Energy builds its chassis, battery, motor and software in-house. It says it is the first Indian maker to sell motors with no heavy rare-earth metals.
What this means for you: If you track India’s electric scooter market or its suppliers, Simple Energy is now funded to scale past its southern base. Watch for its new plant and a jump to 150 stores by March, before a planned FY28 IPO.
Have a tip? Write to us at editorial@startupfeed.in.
Liked this story? Follow StartupFeed on Google so our reporting reaches you first.
