EV Scooter Maker Simple Energy Raises USD 20 Mn Series A Funding With new funding, Bengaluru-based Simple Energy plans to scale production of its Simple One and Simple Dot One scooters, expand into new Indian markets, and support further product development.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Suhas Rajkumar, Founder and CEO of Simple Energy

Electric vehicle and clean energy startup Simple Energy announced that it has raised USD 20 million in its Series A funding round with participation from the company's current investors, such as high-net-worth individuals (HNIs) from notable family offices like the Haran family office, Dr A Velumani's family office, Vasavi family office, and the Desai family office—a promoter group of Apar Industries, among others.

With the newly raised funds, the Bengaluru-based startup aims to scale up the production of Simple Energy's two key offerings, Simple One and Simple Dot One. Additionally, the funds will support the company's entry into new markets, expand its presence across India, and facilitate new product development.

Suhas Rajkumar, Founder and CEO of Simple Energy, said, "As the adoption of electric vehicles (EVs) accelerates significantly in India, we are committed to playing a pivotal role in this burgeoning ecosystem. The capital raised will be tactically deployed to bolster our production capacity and expand our dealership network nationwide."

Founded in 2019, Simple Energy claims to manufacture 95% of its components in-house.

It has two offerings in its portfolio: Simple One with 212 km of certified range and Simple Dot One with 151 km of certified range. Currently piloting in Bangalore, Simple Energy plans to expand with dealerships in major cities across India, including Bangalore, Mysore, Chennai, Vijayawada, Goa, Vizag, Kochi, Mumbai, Pune, Ahmedabad, Surat, Delhi, and Hyderabad, in the coming weeks.

According to the platform, it is the only OEM in the country with a state-of-the-art motor manufacturing line within its 200,000 square feet plant located in Shoolagiri, Tamil Nadu.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

How I Replaced a $2,000-a-Month SEO Agency and Built My Own Growth System as a Solo Founder

15 proven tactics I used to grow my startup's visibility and backlinks — without writing a single cold email.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.

Growing a Business

If You're Not Using Chatbots, You're Letting Customers Down. Here's Why.

Discover how chatbots can broaden your company's reach and increase efficiency in customer service.