Simple Energy Raises USD 10 Million in Bridge Round
With 53 showrooms across key cities like Bengaluru, Goa, Pune, Vijayawada, Hyderabad, Vizag and Kochi, Simple Energy aims to open 150 stores and 200 service centres across India in 2025.
September 26, 2025. By News Bureau
Commenting on the fundraise, Suhas Rajkumar, CEO and Founder, said, “This investment will bolster our next phase of growth. It will help in making electric mobility more accessible to customers across India. Nearly 80 percent of the capital will be directed towards expanding our retail presence and building a robust dealer and service network. The rest of the funds will be employed towards R&D. With this influx, we are confident in scaling into both established and emerging markets–delivering India’s longest-range electric two-wheelers that meet the needs of Indian riders.”
Simple Energy was founded in 2019 by Suhas Rajkumar and co-founded by Shreshth Mishra, with Ankit Gupta later joining as Co-Founder. Since then, the company has built smart, high-performance electric two-wheelers with deep localisation. It pioneered the longest-range electric two-wheelers in India. It became the first in the industry to achieve full vertical integration of the powertrain, covering both development and manufacturing. It is also the first Indian OEM to offer an eight-year motor warranty, setting new standards of consumer trust. The company’s manufacturing facility in Hosur, Tamil Nadu, delivers an annual production capacity of 150,000 vehicles. Most recently, the company became the first Indian OEM to commercially produce heavy rare-earth-free motors—cementing its leadership in electric mobility.
Dr A Velumani, Creator, Thyrocare, said, “Simple Energy’s unique strengths are indigenously made with the best battery system and excellent motor quality. Their focus and frugality with disciplined execution gives me confidence in its future. With localised operations, sharp operational and R&D focus, and a clear strategy for scaling, the company is well-positioned to be in top-three players in EV 2W market in India by 2030.”
To date, Simple Energy has raised USD 51 Million from marquee investors. Looking ahead, the company is planning an IPO in FY’27, with a target of raising USD 350 million to fuel manufacturing expansion and other growth initiatives.
Balamurugan Arumugam, prominent investor and mentor to several high-growth companies, said, ‘It is inspiring to see Simple Energy turn its ambitious vision into consistent growth and meaningful impact. Its focus on R&D and high-range electric two-wheelers, strategic market expansion and strengthening customer engagement reflects the brand’s potential for lasting impact. We are excited to continue supporting their journey as they shape the future of two-wheeler mobility in the country.”
In February 2025, Simple Energy launched Gen 1.5 of Simple One with a 248 km IDC range, followed by Simple OneS in March 2025 with a 181 km IDC range. These models are now available at the company’s 53 outlets across cities including Bengaluru, Goa, Vijayawada, Hyderabad, Visakhapatnam and Kochi, amongst others. The company is rapidly expanding nationwide, with plans to open 150 new stores and 200 service centres this year.
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