Bengaluru-based electric two-wheeler manufacturer Simple Energy has raised ₹1,750 crore, or about $180 million, in an all-equity Series C funding round as the company moves to expand manufacturing capacity, strengthen its retail and service network and accelerate product development. The round is the largest funding raise in Simple Energy’s history and ranks among the largest funding rounds secured by an Indian electric two-wheeler manufacturer.
The funding round was led by the Dr Arokiaswamy Velumani Family Office, the investment vehicle associated with Thyrocare founder Dr Arokiaswamy Velumani. Simple Energy Founder and CEO Suhas Rajkumar and Co-founder and CFO Ankit Gupta also participated, alongside Bengaluru-based high-net-worth individual Amit Mishra and the Haran Family Office. The company has not disclosed the individual contribution of each investor or the valuation at which the round was completed.
With the latest fundraise, Simple Energy said its cumulative capital raised has crossed ₹2,530 crore. The Series C follows a ₹250 crore debt-and-equity funding round announced in June 2026, which was also led by the Velumani Family Office with participation from the company’s founders.
Capital to support the next phase of expansion
Simple Energy plans to deploy the fresh capital across manufacturing, distribution, retail, service infrastructure, research and development, hiring, marketing and supply-chain expansion.
A significant part of the funding is expected to support a new manufacturing facility and higher production, while the company also plans to expand its sales and service network across India. The investment will also support development of the company’s next generation of electric two-wheelers.
The company currently has a stated production capacity of around 10,000 electric two-wheelers per month. Simple Energy has indicated plans to increase production capacity as part of the expansion programme. Moneycontrol reported that the company is targeting higher utilisation of its existing facility and additional capacity through a second manufacturing unit.
The company has also been expanding its physical retail presence. Simple Energy says it currently has more than 80 outlets across over 60 cities, including Bengaluru, Delhi, Patna, Hyderabad and Chennai. The company plans to substantially increase its outlet network as it scales sales and after-sales service.
Product portfolio expands with Simple Wave and Simple Ultra
Simple Energy’s expansion comes alongside an increase in its product portfolio.
Over the past eight months, the company has introduced the Simple Wave and Simple Ultra, targeting different sections of the electric scooter market. The Wave is positioned toward family-oriented users, while the Ultra is aimed at the performance scooter segment.
The company’s existing Simple One remains another key product in its portfolio. Simple Energy says its recent growth has been supported by the Simple One and Simple Wave, while the expanded portfolio is intended to give the company a broader customer base.
According to company statements reported by industry publications, Simple Energy’s monthly sales have grown more than fourfold over the past year. The company has described itself as one of India’s top 10 electric two-wheeler manufacturers by monthly sales, although it has not publicly disclosed all underlying sales figures supporting that ranking.
Velumani family office deepens association with Simple Energy
Dr Arokiaswamy Velumani has been associated with Simple Energy since its earlier stages, with his family office also leading the company’s June 2026 funding round.
Commenting on the latest investment, Velumani said Simple Energy’s reported growth reflected both the expansion of the company and the broader electric mobility sector. He highlighted the company’s in-house capabilities across the chassis, battery, motor and software, and said the next phase would focus on manufacturing, marketing and retail expansion.
Velumani also said he expects Simple Energy to become one of the top three electric two-wheeler players in India within three years. That is an investor assessment and forward-looking expectation rather than an established market outcome.
Founders continue to participate in funding
The participation of Suhas Rajkumar and Ankit Gupta in the Series C means the founders continue to invest alongside the family offices and other investors supporting the company.
Rajkumar said the company has spent the past several years developing its technology, products, manufacturing capabilities and retail network internally. He said the latest capital would allow Simple Energy to scale those capabilities, with the company’s immediate priorities including a new manufacturing facility, higher production, a larger distribution and service network and development of new products.
The company has also attracted capital from other family offices and high-net-worth investors. Its investor base includes the Velumani Family Office, Amit Mishra, Balamurugan Arumugam, the Haran Family Office, the Desai Family Office associated with the promoters of Apar Industries and the Vasavi Family Office.
Simple Energy’s manufacturing and market ambitions
The latest investment comes as Indian electric two-wheeler manufacturers continue to expand production, distribution and product portfolios amid rising demand for electric mobility.
Simple Energy is seeking to build a vertically integrated business around its electric scooters, with capabilities spanning vehicle architecture, battery technology, motors and software. The company says this approach allows it to retain greater control over product development and technology as it expands.
Moneycontrol reported that the company is targeting substantially higher utilisation of its manufacturing infrastructure and additional capacity over the coming months. The company has also indicated plans to expand its retail network significantly, with a larger footprint intended to support both vehicle sales and after-sales service.
The fresh capital therefore marks a shift from building the company’s initial technology and product foundation toward scaling manufacturing and distribution. How quickly the company converts the new capital into production and sales growth will depend on execution of the planned manufacturing, supply-chain and retail expansion.
Total funding crosses ₹2,530 crore
With ₹1,750 crore raised in the latest Series C, Simple Energy has now secured more than ₹2,530 crore in cumulative capital.
The company is using the latest round to strengthen several parts of its operations simultaneously — from production and supply chains to retail, servicing and product development. The funding also provides additional capital for Simple Energy to pursue its longer-term expansion plans in India’s electric two-wheeler market.
Disclaimer: This report has been editorially prepared using publicly available information and official company disclosures. Readers are advised to refer to official company announcements/disclosures for further details.
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