Simple Energy secures $10M in bridge round for Retail Expansion

Electric two-wheeler manufacturer Simple Energy has raised $10 million in an all-equity bridge funding round led by existing investor Dr. Arokiaswamy Velumani (Founder, Thyrocare’s Family Office).

The round also saw participation from Balamurugan Arumugam and the Haran family office. 

Simple Energy will use around 80% of its funding to grow retail operations and strengthen dealer and service networks, while the rest will go into R&D. In 2025, it plans to open 150 new stores and 200 service centers across India.

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The company previously raised $20 million in its Series A round in June 2024, with participation from family offices including the Haran family, Dr. A Velumani, the Vasavi family, the Desai family, and the promoter group of Apar Industries.

"This investment will bolster our next phase of growth. It will help in making electric mobility more accessible to customers across India. Nearly 80% of the capital will be directed towards expanding our retail presence and building a robust dealer and service network. The rest of the funds will be employed towards R&D. With this influx, we are confident in scaling into both established and emerging markets -- delivering India's longest-range electric two-wheelers that meet the needs of Indian riders," said Suhas Rajkumar, CEO and Founder.

Balamurugan Arumugam said, "It is inspiring to see Simple Energy turn its ambitious vision into consistent growth and meaningful impact. Its focus on R&D and high-range electric two-wheelers, strategic market expansion, and strengthening customer engagement reflects the brand's potential for lasting impact. We are excited to continue supporting their journey as they shape the future of two-wheeler mobility in the country."

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About Simple Energy

Founded in 2019 by Suhas Rajkumar and Shreshth Mishra, with Ankit Gupta Simple Energy manufactures electric two-wheelers with fully integrated powertrains at its Hosur, Tamil Nadu facility, which has an annual capacity of 150,000 vehicles.

 It was the first Indian OEM to offer an 8-year motor warranty and recently began producing heavy rare-earth-free motors. In 2025, the company launched the Simple One Gen 1.5 with a 248 km IDC range and the Simple OneS with a 181 km IDC range.

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