Bengaluru-based electric two-wheeler maker Simple Energy has raised INR 250 crore in a mix of debt and equity funding as it prepares to expand production and launch a family electric scooter, CNBC-TV18 reported.
The Series B round was led by the family office of Thyrocare Technologies founder Arokiaswamy Velumani, with participation from Simple Energy founder and CEO Suhas Rajkumar and co-founder and CFO Ankit Gupta.
Debt partners, including HDFC Bank, Capitar Ventures and other NBFCs, contributed Rs 123 crore, according to the company.
Simple Energy plans to use the funding to scale manufacturing capacity, expand its retail network and support product development.
The company currently has production capacity of about 3,000 units a month and plans to increase output as demand improves.
Simple Energy also plans to launch a family electric scooter as it looks to enter a broader segment of India’s electric two-wheeler market.
The company reported revenue growth from Rs 40 crore in FY25 to Rs 170 crore in FY26.
Source: CNBC-TV18
