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Simple Energy

Simple Energy

Based in Bengaluru, Simple Energy is an EV startup.

Mobility / Transportation, Automotive

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Basic Information

Based in Bengaluru, Simple Energy was incorporated in August 2019. Recently, the startup announced the launch timeline of its first electric scooter, named Simple Mark 2, which is said to deliver 240 km of range in eco mode and a top speed of 100 kph in Sports mode. It’ll have three ride modes – Eco, Normal, and Sports with a top speed of 30-40 kmph in Eco mode and 100 kph in Sports mode. It’ll do 0-50 kph in 3.6 seconds which makes it quicker than other scooters. Simple Energy aims to attain 50,000 production capacity by the end of December 2021. The startup will set up experience centres, partner with dealerships, with college students and IT sector office goers as its target audience. Simple MK II will be followed by the launch of a low-scale scooter model for tier 2 and 3 cities with a less elaborate list of features. It is also working on a mid-range electric bike.

Legal Name

:

Simple Energy Private Limited

Headquarters

:

Bengaluru, Karnataka, India

Business Model

:

B2C

Founding Date

:

2019

No. of Employees

:

21 to 40

Core Team

:

1.

Suhas Rajkumar

Founder & CEO

2.

Shreshth Mishra

Co-Founder & CCO

Timeline

2021

Jan | Raised Funding

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Funding

Total Funding

$41.9M

Investors

:

1.

Raghunath Subramanian

2.

Purple Ventures

3.

Vasavi Green Tech

Detail Round Breakdown

Round 1

Round 2

$21M

Series Name

:

SEED

Date

:

24th Nov 2021

Investors

:

1.

Manish Bharti

2.

Athiyas Group

3.

Raghunath Subramanian

4.

Sattva Group

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