Simple Energy, an Indian electric two-wheeler maker, has raised Rs 1,750 crore ($180 million) in an all-equity Series C round, per an announcement.
The round was led by the Dr Arokiaswamy Velumani Family Office, along with Simple Energy founder and CEO Suhas Rajkumar and co-founder and CFO Ankit Gupta. Bengaluru-based HNI Amit Mishra and the Haran Family Office also participated.
This is Simple Energy’s largest funding round to date.
The fresh capital will be used to expand production, strengthen its retail and service network, and support marketing, supply chain, research and development and hiring.
“Our priorities are a new manufacturing facility, higher production, an expanded distribution and service network and the next generation of products,” said Suhas Rajkumar, founder and CEO, Simple Energy, in a media statement.
Founded in 2019, Simple Energy makes electric two-wheelers for the Indian market. The company develops and manufactures key components, including the chassis, battery, motor and software in-house. It has developed electric scooters with long-range capabilities and has commercially produced motors that do not use heavy rare earth materials.
In June 2026, Simple Energy had raised Rs 250 crore in a mix of debt and equity, led by the family office of Dr Velumani, with participation from Rajkumar and Gupta.
Dr Velumani is the founder and chairman of Thyrocare Technologies, a diagnostic services company in India.
“I have been with Simple Energy since the early day. The next phase will focus on scaling in manufacturing, marketing and retail networks. With tailwinds of global challenges in fossil energy, Simple is well positioned to be in the top 3 players of the EV2W vertical in India in just 3 years,” said Dr Arokiaswamy.
Among other EV deals in India this year, electric two-wheeler maker Ather Energy raised Rs 1,200 crore from India-Japan Fund, Hero Motocorp and its founders; while Ola Electric approved plans to raise up to Rs 1,000 crore through a rights issue.
