Simple Energy to Scale up Production with Fresh Investment

• Secures Rs. 250 crore in Series B funding
• The company plans to expand production capacity

Simple Energy has announced that it has secured Rs. 250 crore in its Series B funding round through a mix of debt and equity. According to the company, a major portion of the funds will be used to expand production capacity and manufacturing operations. The remaining amount will be invested in sales, research and development, and strengthening its product portfolio.

Simple Energy currently has a production capacity of 3,000 units per month and has been investing in expanding its battery manufacturing line. The increased capacity is expected to become operational from August 2026.

The company currently sells around 1,500 electric scooters per month and operates through more than 71 outlets across 38 cities in India. Simple Energy plans to expand its retail presence further by entering cities such as Ranchi, Bhubaneswar, and Cuttack in the coming months. Simple Energy says it aims to increase its monthly scooter sales to 10,000 units by March 2027 through capacity expansion and network growth.