Simple Energy funding, investors and company details

Simple Energy is an emerging Automobile - EV startup from Bengaluru, working in the space of Electric vehicle (EV) startup recognized for its flagship electric scooter, the Simple One. Founded by Suhas Rajkumar, Shreshth Mishra.

Company: Simpleenergy Private Limited
Sector: Automobile - EV
Location: Bengaluru
Founders: Suhas Rajkumar, Shreshth Mishra
Total funding raised: ₹2,165.28 Cr

Company overview

Simple Energy is an electric vehicle (EV) startup recognized for its flagship electric scooter, the Simple One. The company focuses on developing affordable, high-performance electric two-wheelers and building supporting charging infrastructure, positioning itself as a notable competitor to players such as Ather Energy and Ola Electric. Operating in the clean-tech and EV manufacturing space, Simple Energy specializes in electric two-wheelers. Launched in 2023, the Simple One is promoted as one of India’s longest-range electric scooters, delivering over 200 km on a single charge. The company has made significant investments in research, development, and manufacturing, including the establishment of a large production facility in Shoolagiri, Tamil Nadu, in 2023. It has also initiated production of India’s first rare-earth-free motors at its Hosur plant, reflecting its focus on sustainable and cost-efficient EV technology.

Funding rounds

Latest round (Series C): ₹1,750.00 Cr. ($ 180.82 Mn), 2026-10-01. Investors: Dr. Arokiaswamy Velumani, Suhas Rajkumar (CEO, Simple Energy), Ankit Gupta (Simple Energy), Amit Mishra, The Haran family office
Past round (Debt & Equity): ₹250.00 Cr. ($ 26.55 Mn), 2026-06-01. Investors: HDFC Bank, Capitar Ventures
Past round: $ 20.00 Mn (₹165.28 Cr.), 2023-02-07