India's electric two-wheeler market grew 8% MoM to 1.70 lakh registrations in May 2026. Ola Electric led growth at +23% to 15,139 units (8.88% share), while Bajaj's 39,104 units (22.94%) narrowed the gap with leader TVS at 42,376 units (24.9%). Ather and Hero held third and fourth positions.

Entrackr · Newsletter · 6/1/2026, 3:32:58 AM

Bengaluru-based E2W maker Simple Energy is closing a ₹126.7 Cr round led by Thyrocare's Velumani, taking total funding to $84 Mn. Capital fuels R&D and a 7x retail expansion from 70 to 500 offline stores. FY25 revenue grew 6x to ₹40.7 Cr, though net loss stood at ₹83 Cr. April dispatches hit 1,244 units.

Inc42 · Buzz · 5/15/2026, 5:49:41 AM

Bengaluru-based EV two-wheeler maker Simple Energy is closing a ₹126.7 Cr round led by Thyrocare's Velumani, taking total funding to $84 Mn. Capital fuels a jump from 70 to 500 retail outlets across nine states, even as FY25 losses widened to ₹83 Cr on ₹40.7 Cr revenue and the broader E2W market slows.

Inc42 · 5/15/2026, 5:49:10 AM