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Simple Energy funding, valuation and investors
Indian electric two-wheeler maker designing scooters, batteries, motors and software in-house.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series C
₹1,750 crore (about $180 million), all equity · September 30, 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$251M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Bengaluru, Karnataka, India
Investors in latest funding
Lead: Arokiaswamy Velumani Family Office
Other: Suhas Rajkumar , Ankit Gupta , Amit Mishra , Haran Family Office
Overview
Bengaluru-based Simple Energy develops electric scooters and key drivetrain components. It operates a manufacturing plant in Hosur and a retail and service network across India.
Why Simple Energy is interesting
The ₹1,750 crore all-equity Series C is unusually large for an Indian electric two-wheeler startup and comes only months after a mixed debt-and-equity round. Execution now depends on turning capital into utilization, distribution and reliable service.
Product & use cases
Simple Energy sells the Simple One, Simple OneS, Simple Wave and Simple Ultra electric scooters and develops chassis, battery, motor and vehicle software systems.
- Electric urban commuting.
- Family and performance electric scooters.
Key facts
- Closed ₹1,750 crore (about $180 million) all-equity Series C in September 2026.
- Operates more than 80 outlets across roughly 60 Indian cities, according to company reporting.
- Plans a second manufacturing facility and broader retail and service network.
Funding history (newest first)
Series C
2026-09-30 ₹1,750 crore (about $180 million), all equity- Arokiaswamy Velumani Family Office (lead)
- Suhas Rajkumar (participant)
- Ankit Gupta (participant)
- Amit Mishra (participant)
- Haran Family Office (participant)
Source: https://www.autocarpro.in/news/simple-energy-raises-rs-1750-crore-in-series-c-funding-134986
Mixed equity and debt
2026-06 ₹250 crore- Arokiaswamy Velumani Family Office (lead)
- HDFC Bank (participant)
- Capitar Ventures (participant)
Source: https://www.vccircle.com/evmaker-simple-energy-closes-series-c-round
Equity round
2025-09 $10 million- Arokiaswamy Velumani Family Office (lead)
- Haran Family Office (participant)
Source: https://www.vccircle.com/evmaker-simple-energy-closes-series-c-round
Series A / growth round
2024-07 $20 millionSource: https://www.vccircle.com/evmaker-simple-energy-closes-series-c-round
Bridge
2023 $20 million- Arokiaswamy Velumani (participant)
- Ashwin Hinduja (participant)
- Purple Moon Ventures (participant)
Source: https://www.vccircle.com/evmaker-simple-energy-closes-series-c-round
Equity funding
2021 $21 million- Manish Bharti (participant)
- Raghunath Subramanian (participant)
Source: https://www.vccircle.com/evmaker-simple-energy-closes-series-c-round
Competitive landscape
Edge: Vertical integration across electric scooter hardware, drivetrain and software, paired with claimed long-range products and rare-earth-free motor development.
Competes in India’s crowded electric two-wheeler market against listed and incumbent manufacturers including Ola Electric, Ather Energy, TVS Motor and Bajaj Auto. Network reach, service quality, manufacturing utilization and cash conversion matter as much as specifications.
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Ola Electric direct
Large Indian electric two-wheeler manufacturer with public-market access.
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Ather Energy direct
Premium electric scooter manufacturer with an established charging and retail network.
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TVS Motor incumbent
Scaled incumbent manufacturer investing heavily in electric two-wheelers.
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Bajaj Auto incumbent
Incumbent motorcycle and scooter maker with electric products and broad distribution.
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Simple Energy's financing or category context.
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