NewsSimple Energy looks to raise $30-40 million as it launches its long-range scooter yet Salman SH4 min read5 Jan 2026, 08:28 PM ISTOn Monday the company launched Gen 2 versions of its Simple One and Simple OneS scooters, and introduced Simple Ultra, pitching it as its longest-range model yet. SummaryThe funds will largely be from international backers and existing investors, in what could be its first round with institutional participation, chief executive Suhas Rajkumar told Mint. The Simple Ultra scooter, launched on Monday, has a claimed range of 400 km. Electric two-wheeler maker Simple Energy plans to raise $30-40 million in fresh capital, largely from international backers and existing investors, in what could be its first round with institutional participation, chief executive Suhas Rajkumar told Mint. So far, the company has raised capital mainly from family offices and high net-worth individuals rather than venture capital funds. The fresh funds will be used to increase production capacity and support a second manufacturing plant as the Bengaluru-based company rolls out its Gen 2 Simple One range of scooters and the long-range Simple Ultra scooter, which according to the company has clocked 400 km in the Indian Driving Cycle (IDC), a standardized lab test by the Automotive Research Association of India.“We plan to close a fresh round of $30-40 million this year, which will have a mix of equity and debt, and have been talking to institutional investors, mostly international ones,” Rajkumar said. Simple Energy has also held discussions with domestic private equity and venture capital investors, but has so far struggled to convert that interest into large cheques, Rajkumar said. “Institutions don’t want to choose us… maybe because their thesis of investment is different,” he said, adding that the company is open to institutional capital as it gets closer to its IPO.
