Simple Energy
EV (Electric Two-Wheelers)Bengaluru, Karnataka, India
Simple Energy is an Indian electric two-wheeler manufacturer. It designs and builds electric scooters, including the Simple One and Simple Dot One, and manufactures at its facility in Tamil Nadu with a focus on long-range battery performance.
Funding
Simple Energy has raised $101M across 6 disclosed rounds, most recently a Series B (equity) in Jun 2026.
$101MRaised
Series B (equity)Latest round · Jun 2026
6Events
Series B (debt)Jun 2026confirmed
$15M (₹123 crore)
InvestorsHDFC Bank, Capitar Ventures, consortium of NBFCs
Tap any bar to see that round
Jun 2026Series B (equity)$15M (₹127 crore)Family office of Dr. Arokiaswamy Velumani (lead), Suhas Rajkumar (₹13.5 crore), Ankit Gupta (₹13.5 crore), angel investorsStartupFox ↗
Jun 2026Series B (debt)Debt$15M (₹123 crore)HDFC Bank, Capitar Ventures, consortium of NBFCsStartupFox ↗
2025Bridge round$10MArokiaswamy Velumani (lead), Balamurugan Arumugam, Shekha Haran family officeChangeStarted ↗
Jul 2024Series A$20MHaran family office, A. Velumani family office, Vasavi family office, Desai family office (Apar Industries promoters), Balamurugan ArumugamBusiness Standard ↗
Investor roster
Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.
New · Latest leadFamily office of Dr. Arokiaswamy Velumani (lead)1 round · 2026
Balamurugan Arumugam2 rounds · since 2024
angel investors1 round · 2026
Ankit Gupta (₹13.5 crore)1 round · 2026
Capitar Ventures1 round · 2026
consortium of NBFCs1 round · 2026
HDFC Bank1 round · 2026
Suhas Rajkumar (₹13.5 crore)1 round · 2026
Arokiaswamy Velumani (lead)1 round · 2025
Shekha Haran family office1 round · 2025
A. Velumani family office1 round · 2024
Desai family office (Apar Industries promoters)1 round · 2024
Haran family office1 round · 2024
Vasavi family office1 round · 2024
Manish Bharti1 round · 2021
Raghunath Subramanian1 round · 2021
Aggregated automatically from the disclosed rounds above.
Leadership
The Simple Energy journey
2019 · founded
Founded in Bengaluru by Suhas Rajkumar, Shreshth Mishra, Ankit Gupta.
Nov 2021 · funding
Pre-Series A — $21M, led by Manish Bharti.
Feb 2023 · funding
Bridge round — $20M.
Jul 2024 · funding
Series A — $20M, led by Haran family office.
2025 · funding
Bridge round — $10M, led by Arokiaswamy Velumani (lead).
Jun 2026 · funding
Series B (equity) — $15M, led by Family office of Dr. Arokiaswamy Velumani (lead).
Jun 2026 · funding
Series B (debt) — $15M, led by HDFC Bank.
IPO Watchreported
StatusIPO targeted for FY28
ExpectedFY28 (company-stated)
₹250 Cr Series B (₹127 Cr equity + ₹123 Cr debt) raised ahead of the planned listing. Source ↗
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What is Simple Energy?
Simple Energy is an Indian electric two-wheeler manufacturer. It designs and builds electric scooters, including the Simple One and Simple Dot One, and manufactures at its facility in Tamil Nadu with a focus on long-range battery performance.
Who founded Simple Energy?
Simple Energy's founders and leadership on record at StartupFox are Suhas Rajkumar, Shreshth Mishra and Ankit Gupta.
How much funding has Simple Energy raised?
Simple Energy has raised $101M across 6 disclosed rounds. The most recent was a $15M Series B (equity) in Jun 2026.
Who are Simple Energy's investors?
Disclosed investors in Simple Energy include Family office of Dr. Arokiaswamy Velumani (lead), Suhas Rajkumar (₹13.5 crore), Ankit Gupta (₹13.5 crore), angel investors, HDFC Bank, Capitar Ventures, consortium of NBFCs, Arokiaswamy Velumani (lead), Balamurugan Arumugam, Shekha Haran family office, Haran family office, A. Velumani family office.
What is the status of the Simple Energy IPO?
IPO targeted for FY28. (As reported; not confirmed by the company.)
What is the latest news on Simple Energy?
The most recent StartupFox coverage is “Simple Energy Secures ₹250 Crore Series B Round to Scale EV Production and Prepare for FY28 IPO” (1 June 2026). All stories are listed on this page.
Sources & updates
This profile is compiled by the StartupFox desk from company announcements, regulatory and exchange filings (RoC/MCA, NSE/BSE) and our own reporting. 6 of 6 funding rounds link to a named source.
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