Bengaluru-based Simple Energy raised Rs 250 Cr (Rs 123 Cr debt) in a Series B led by Arokiaswamy Velumani's family office. Capital fuels a push from 1,500 to 10,000 monthly units by March 2027 and deeper reach across its 71 outlets in 38 cities, after FY26 revenue jumped to Rs 170 Cr from Rs 40 Cr.

YourStory · 6/1/2026, 8:35:15 AM

Bengaluru-based EV two-wheeler maker Simple Energy secured Rs 250 Cr in equity and debt, led by the Velumani family office with HDFC Bank financing Rs 123 Cr. Capital will lift production from 1,500 to 10,000 units/month by March 2027 and grow its 71-store network across 38 cities.

YourStory · Capital · 6/1/2026, 8:35:08 AM

The Bengaluru EV two-wheeler maker raised Rs 250 Cr (Rs 123 Cr debt) led by Thyrocare founder's family office. Plans take retail network from 80 to 250 outlets by March, lift production from 3,000 to 15,000 scooters/month, and target Rs 150-160 Cr FY26 revenue ahead of a Rs 3,000 Cr IPO in H2 FY28.

Entrackr · Newsletter · 6/1/2026, 4:33:01 AM

Bengaluru EV maker closes Series B (₹123 cr debt + ₹127 cr equity) to fund a near-doubling of its retail network from 80 to 150 stores plus 200 service centres, while ramping factory output from 3,000 to 10,000 units/month by March 2027. Revenue guidance: ₹170 cr in FY26 vs ₹44 cr in FY25.

The Hindu BusinessLine · 6/1/2026, 1:37:25 AM

Bengaluru EV scooter maker Simple Energy closed a ₹250 cr Series B (equity + ₹123 cr NBFC debt) to scale capacity from 3,000 to 10,000 units/month by March 2027. It runs 71 outlets across 38 cities and is eyeing an H2 FY28 listing as it chases a 4x revenue jump to ₹170 cr.

Business Standard · Companies · 6/1/2026, 12:40:23 AM

Bengaluru EV maker raises ₹126.7 cr — ₹18.6 cr from Iheart Properties, ₹13.5 cr each from founders — to fund pre-IPO scale-up. Targets EBITDA positivity by FY26-end and a $350 mn listing in Q2-Q3 FY27. Current capacity 5,000 units/month, expandable to 15,000; FY25 revenue ₹44.3 cr.

The Hindu BusinessLine · 5/15/2026, 2:06:13 PM

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