Simple Energy closes ₹250 cr Series B round, eyes production scale-up

Simple Energy raises Rs 250 crore in equity & debt

Simple Energy raised Rs 250 crore (Series B, mix equity/debt) led by Velumani family office + HDFC Bank, targeting scale from 1,500 to 10,000 monthly EV scooters by March 2027. Revenue 4x YoY (Rs 170 crore FY26) and full-stack OEM ambition signal an Indian EV two-wheeler market entering consolidation, with capital flowing to vertically integrated players over pure assemblers.