Simple Energy raises Rs 250 Cr to scale EV output 6x and expand retail footprint
Bengaluru-based EV two-wheeler maker Simple Energy secured Rs 250 Cr in equity and debt, led by the Velumani family office with HDFC Bank financing Rs 123 Cr. Capital will lift production from 1,500 to 10,000 units/month by March 2027 and grow its 71-store network across 38 cities.
What happened
Bengaluru EV two-wheeler maker Simple Energy raised Rs 250 Cr (equity+debt) led by Velumani family office, with HDFC Bank financing. Funds will scale production
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
Why this matters
Simple Energy's funded expansion to 38 cities tightens the competitive window for legacy OEMs and rival EV startups to lock in tier-2 retail partnerships before March 2027.