Simple Energy, a leading Indian electric two-wheeler manufacturer, has successfully raised $10 million in an all-equity bridge round to strengthen its retail presence, dealer network, and R&D initiatives across India. The funding round was led by Dr Arokiaswamy Velumani’s family office, with participation from existing investors Balamurugan Arumugam and the Haran family office.
Accelerating Retail and Service Network Expansion
With 53 showrooms already operational in cities including Bengaluru, Goa, Pune, Vijayawada, Hyderabad, Visakhapatnam, and Kochi, Simple Energy plans to open 150 new retail outlets and 200 service centres in 2025. The funding will enable the company to reach both established and emerging markets, making India’s longest-range electric two-wheelers more accessible to consumers nationwide.
Focus on R&D and Advanced EV Technologies
Founded in 2019 by Suhas Rajkumar and co-founded by Shreshth Mishra and Ankit Gupta, Simple Energy has pioneered high-performance, long-range electric two-wheelers with full vertical integration of the powertrain. The company recently launched the Gen 1.5 Simple One with a 248 km IDC range and Simple OneS with a 181 km IDC range, both manufactured at its Hosur facility with an annual capacity of 150,000 vehicles.
CEO Suhas Rajkumar commented,
“Nearly 80% of the capital will be directed towards expanding our retail presence and building a robust dealer and service network, while the rest will be used for R&D. This investment will help scale our next phase of growth and bring India’s longest-range EVs closer to customers.”
Strong Investor Confidence
Dr A. Velumani of Thyrocare Family Office stated,
“Simple Energy’s focus on locally made, high-quality batteries and motors, combined with disciplined execution, positions it among the top three EV two-wheeler companies in India by 2030.”
To date, Simple Energy has raised $51 million from marquee investors and is planning an IPO in FY’27 to raise $350 million for manufacturing and expansion initiatives.
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