Simple Energy raises $180 Mn in Series C funding

Indian electric two-wheeler maker Simple Energy has raised $180 Mn (₹1,750 Cr) in a Series C round led by Dr. Arokiaswamy Velumani Family Office. Total equity raised now stands at $264 Mn, with funds earmarked for marketing, supply chain, R&D and hiring.

• Series C round of $180 Mn led by Dr. Arokiaswamy Velumani Family Office
• Total equity capital raised reaches $264 Mn (₹2,530 Cr)
• August sales fell 9.5% to 1,508 scooters from 1,666 in July
• Plans to grow from 80 outlets in 60 cities to 160–170 by March 2027