Simple Energy are having a fantastic week, officially closing their Series B funding round and bagging a cool ₹250 crore. The Bengaluru-based electric two-wheeler manufacturer secured the massive amount through a mix of debt and equity. The funding round was led by the family office of Dr. Arokiaswamy Velumani, alongside the Founder and CEO of Simple Energy, Mr. Suhas Rajkumar, and Co-founder and CFO Ankit Gupta. On the debt side of things, partners including HDFC Bank, Capitar Ventures, and other NBFCs stepped up to bring in ₹123 crore of that total amount.
Where is the Series B Cash Going?
The electric vehicle brand has some very clear plans for its new capital. The majority of the proceeds will be deployed directly into scaling up production, which includes ramping up manufacturing and expanding overall capacity. Whatever funds are left over will be split across sales, marketing, and R&D to strengthen their product roadmap and elevate the customer experience.
When looking closely at their manufacturing setup, Simple Energy currently operates at a capacity of 3,000 units per month. They have spent the last few months investing even further into their battery line, and they expect this specific ramp-up to start reflecting in their output from August 2026. To pull off this next phase of growth, the company is planning to expand its workforce and strengthen its teams across key areas like sales, production, and marketing.
Revenue Growth and Big Future Goals
The brand’s financial trajectory explains exactly why investors are feeling so confident. Simple Energy has seen clear market demand, with its revenues rising an incredible 4X from ₹40 crore in FY’25 to ₹170 crore in FY’26.
Founder and CEO, Mr. Suhas Rajkumar, shared that this milestone marks Simple Energy’s transition from a homegrown startup into a full-stack EV OEM, building brand trust and preparing them for a long-term path to public markets. He noted that the funding will help scale production, boost their Made-in-India manufacturing stack, and make their long-range, performance-led scooters available nationwide.
The company is targeting monthly sales of 10,000 scooters by March 2027, all while continuing to pour investments into R&D and marketing.
Expanding the Retail Footprint Across India
At the moment, Simple Energy’s monthly sales are sitting at around 1,500 units. The brand is already operating in more than 71 outlets spread across 38 cities, including major hubs like Bengaluru, Delhi, Patna, and Chennai.
They aren’t stopping there, though. The company is rapidly ramping up its pan-India expansion, with plans to move into Ranchi, Bhubaneshwar, Cuttack, and several other locations over the coming months.
