Simple Energy banks Rs 250 Cr to scale 71-store EV two-wheeler network
Bengaluru-based Simple Energy raised Rs 250 Cr (Rs 123 Cr debt) in a Series B led by Arokiaswamy Velumani's family office. Capital fuels a push from 1,500 to 10,000 monthly units by March 2027 and deeper reach across its 71 outlets in 38 cities, after FY26 revenue jumped to Rs 170 Cr from Rs 40 Cr.
What happened
Simple Energy, Bengaluru-based EV two-wheeler maker, raised Rs 250 crore Series B (equity + debt) led by Arokiaswamy Velumani's family office. Funds will scale
Key facts
- Rs 250 crore
- Rs 123 crore debt
- 1,500 units/month
- 10,000 units by March 2027
- 71 outlets
- 38 cities
- Rs 170 crore FY26 revenue
- Rs 40 crore FY25
- 3,000 units/month capacity
Why this matters
Simple Energy's expanding 38-city footprint and Velumani-backed capital base make it a credible consolidation target or distribution partner in the crowded EV two-wheeler space.