Simple Energy raises Rs 250 Cr to scale EV output 6x and expand retail footprint
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.
Simple Energy raised Rs 250 Cr in equity and debt to scale EV scooter output 6x to 10,000 units/month and grow its 71-store retail network.
YourStory · Capital · 6/1/2026, 8:35:08 AM · Ask about this →