Simple Energy, a Mobility company based in Bengaluru, India, has raised ₹250 Cr ($29M) in a Growth Equity round.
Quick Highlights
- Amount Raised: ₹250 Cr ($29M)
- Round Type: Growth Equity
- Lead Investor: Not disclosed
- Other Investors: Not disclosed
- Industry: Mobility
- Headquarters: Bengaluru, India
- Date Announced: 2026-06-02
About the Startup
Simple Energy is an electric two-wheeler (EV) manufacturer, headquartered in Bengaluru, India. It operates in the Mobility sector and has now closed its Growth Equity round, with deal terms beyond the headline amount kept undisclosed.
Funding Breakdown
The company raised ₹250 Cr ($29M) in a Growth Equity round. Valuation terms were not disclosed.
Use of Funds
Simple Energy intends to deploy the capital toward manufacturing, expansion.
Why This Funding Matters
For India’s startup ecosystem, the round reinforces continued investor appetite in Mobility despite a selective overall funding market.
Investor Background
Lead investor details were not disclosed.
Funding Timeline
| Date | Round | Amount | Lead Investor |
|---|---|---|---|
| 2026-06-02 | Growth Equity | ₹250 Cr ($29M) | Not disclosed |
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
