Finance
Founded in 2019 by Suhas Rajkumar, alongside co-founders Shreshth Mishra and Ankit Gupta, Simple Energy develops electric scooters and designs key components, including batteries, motors, chassis and software, in-house.
The latest funding round was led by the family office of Dr. A. Velumani, founder of Thyrocare Technologies, with participation from the founders and other investors. The all-equity round takes the company’s total funding beyond ₹2,530 crore.
Simple Energy reported operating revenue of ₹170 crore in FY26, up from ₹44 crore in FY25. It has manufacturing capacity of 10,000 units monthly and operates more than 80 outlets across 60-plus cities.
The fresh capital will support manufacturing expansion, production growth, sales and service network development, hiring and research and development.
