Funding · Mobility & Logistics

Simple Energy raises ₹1,750 crore in Series C

By Startup Enthusiast · 30 September 2026

What they do

Simple Energy is a Bengaluru company that designs its own scooter chassis, battery, motor and software for electric two-wheelers

The all-equity round, about $180 million, was led by Dr Velumani's family office, with both founders putting in money too

Funds will widen showrooms and service centres, raise output at the current plant and pay for a second factory

Simple Energy makes electric scooters in India, with models such as the Simple One, Simple Ultra and the family-focused Wave.
Its scooters are priced from about ₹2 lakh at the top end, with a cheaper family model launched in 2026, and are bought by everyday riders who want long range.
It earns money by selling scooters through its own showrooms, plus paid add-ons such as an extended battery and motor warranty and a maintenance subscription.
It stands out for long range (the company claims up to 400 km on the Ultra) and a long warranty on motor and battery.
It sold about 10,400 scooters in January to August 2026, roughly three times the same months of 2025, with revenue near ₹171 crore in FY26.
It sells through about 90 stores in 61 cities and plans 160 to 170 stores by March 2027; it is based in Bengaluru.

Product: based EV maker
Customers: Individual consumers seeking affordable electric two-wheelers
How it makes money: Direct sales of electric scooters through online and physical retail outlets
What sets it apart: Mass production scale and customer-focused design for Indian market