Debt financing
E-scooter maker Simple Energy raises Rs.123-Cr in debt
Bengaluru-based electric two-wheeler maker Simple Energy has raised INR.123 crore in debt financing from HDFC Bank, Capitar Ventures, and other non-banking financial companies (NBFCs). Recently it had raised INR 127 crore in equity led by the family office of Thyrocare Technologies founder Arokiaswamy Velumani, with participation from the company’s founders concluding the overall round at INR 250 crore.Founded in 2019 by Suhas Rajkumar, Shreshth Mishra, and Ankit Gupta, Simple Energy sells electric two-wheelers. The startup intends to use the new capital to increase its production capacity, expand its retail network, and advance product development.The company plans to scale its manufacturing output from 3,000 units per month to 15,000 units by March of next year, while increasing its retail footprint from approximately 80 stores to between 200 and 250 outlets.
In Sep 2025, Simple Energy had attracted about $ 10 M from Dr Arokiaswamy Velumani's family office, Haran Family Office and others.For FY25, Simple Energy had reported about INR 41 Cr in Operating Income and about INR 83 Cr in Net Loss.
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