Simple Energy raises ₹1,750 Cr Series C+ led by Velumani Family Office

Simple Energy Raises ₹1,750 Cr in Series C+ Round

Bengaluru-based electric two-wheeler manufacturer Simple Energy has raised ₹1,750 crore (approximately $175 million) in a Series C+ funding round. The round was led by the Velumani Family Office, with participation from founder Suhas Rajkumar, Ankit Gupta, Amit Mishra, and the Haran Family Office.

About Simple Energy

Simple Energy was founded in 2019 by Suhas Rajkumar, who was later joined by Shreshth Mishra and Ankit Gupta. The company designs and sells three electric scooters — the Simple One, Simple OneS, and Simple Ultra — and operates roughly 70 retail outlets across nine Indian states. Its manufacturing base has a capacity of 5,000 units per month.

Market Position

Simple Energy competes in India's electric two-wheeler (E2W) market alongside Ather Energy, Ola Electric, River Mobility, and Ultraviolette. The company is also preparing a planned IPO targeting around $350 million in FY27.

Funding Details

• Round type: Series C+
• Amount: ₹1,750 crore (INR)
• Date: September 30, 2026
• Lead investor: Velumani Family Office
• Other investors: Suhas Rajkumar, Ankit Gupta, Amit Mishra, Haran Family Office

What This Means

The Series C+ round provides Simple Energy with significant capital as it scales manufacturing and retail presence in a competitive E2W landscape. The participation of founder Suhas Rajkumar and other existing stakeholders signals continued internal confidence in the company's trajectory. With a planned IPO on the horizon, this funding round positions Simple Energy to strengthen its market position ahead of a potential public listing.