Simple Energy banks ₹250 cr to push retail to 150 stores, scale output to 10,000 scooters/month
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.
What happened
Bengaluru EV maker Simple Energy closed a ₹250 crore Series B (debt + equity), funding production ramp-up and retail expansion to 150 stores and 200 service
Key facts
- ₹250 crore Series B
- ₹123 crore debt
- ₹126.7 crore equity
- 10,000 scooters/month by March 2027
- 150 stores
- 200 service centres
- 80 current stores
- ₹170 crore FY26 revenue
- ₹44 crore FY25 revenue
- 3,000 units/month capacity
Why this matters
Simple Energy's retail and capacity push reshapes the sub-scale EV two-wheeler tier, opening windows for component supply tie-ups, co-located service partnerships, or defensive consolidation plays against Ather and Ola.