Bengaluru’s Simple Energy, electric two-wheeler manufacturer, has raised $182 million funding in a Series C round, marking its largest fundraise to date. The investment will help the company meet the demands of the manufacturing expansion, production capacity enhancement, distribution network growth and research and development (R&D) activities with plans on expanding its electric scooter business.

Key Highlights

• Bengaluru's Simple Energy raises $182 million in its largest funding round, taking total capital raised beyond Rs 2,530 crore.
• The electric two-wheeler maker plans to expand manufacturing, distribution, service networks and research and development.

The  $182 million funding round was led by the family office of Dr Arokiaswamy Velumani, founder of Thyrocare Technologies, along with Simple Energy 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.

The entire amount was raised through equity, taking Simple Energy’s total capital raised to more than Rs 2,530 crore ($263 million).

Bengaluru-based Simple Energy to Expand Manufacturing and Production Capacity

Simple Energy plans to use the fresh capital to establish a new manufacturing facility and increase its production capacity. The company also intends to expand its distribution and service network, strengthen its supply chain operations and hire additional talent.

A portion of the funding will be allocated to R&D for the company’s next product cycle, alongside marketing initiatives. These investments are expected to support its efforts to expand operations and strengthen its presence in the electric two-wheeler market.

The company currently has a production capacity of 10,000 units per month and operates more than 80 outlets across over 60 cities.

Simple Energy Reports Fourfold Growth in Monthly Sales

Simple Energy said its monthly sales have grown more than fourfold over the past year. The company has expanded its product portfolio with the introduction of Simple Wave and Simple Ultra in the past eight months, targeting family and performance scooter segments, respectively.

Its existing portfolio also includes the Simple One electric scooter. The company develops several key components in-house, including chassis, batteries, motors and software.

Simple Energy reported operating revenue of approximately Rs 150-160 crore in FY26, compared with around Rs 40 crore in FY25. This represents nearly fourfold year-on-year growth. The company currently generates most of its sales from southern India.

Also Read: Startup Funding Report: 17 Firms Raise $188.49 Mn in the Latest Week

Simple Energy’s Latest Funding Takes Total Capital Raised Beyond Rs 2,530 Crore

The latest Series C round follows a series of fundraising activities by Simple Energy. This company raised Rs 250 crore in June 2026 using a mix of debt and equity. This came on the back of a $10 million all-equity bridge round in September, 2025.

Prior to the Series C funding, Simple Energy had raised over $20 million in Series A funding in July 2024, over $20 million in a bridge round in February 2023, and $21 million in pre-Series A funding in November 2021.

It was founded by Suhas Rajkumar and Shreshth Mishra in 2019 and was later joined by Ankit Gupta as a co-founder. This is its most recent round of funding and makes its total capital raised over Rs 2,530 crore.

Simple Energy Focuses on In-House Technology and Product Development

Simple Energy makes batteries, motors, chassis and software, among other critical components, in-house. The company claims to be the first Indian original equipment manufacturer (OEM) to commercially produce heavy rare-earth-free motors.

It also claims to be the first Indian OEM to offer a lifetime warranty on its motor and battery. The company’s latest funding is expected to support further product development and its next phase of expansion.

With plans to increase manufacturing capacity, broaden its distribution network and invest in R&D, Simple Energy is looking to scale its operations and strengthen its electric scooter portfolio.