About Simple Energy
Simple Energy is a company based in Bengaluru (India) founded in 2019 by Shreshth Mishra, Ankit Gupta, and Suhas Rajkumar. Simple Energy has raised $98.91 million across 15 funding rounds from investors including LambdaTest, Sattva Group and Benling. The company has 373 employees as of April 07, 2024. Simple Energy operates in a competitive market with competitors including Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
- Headquarter Bengaluru, India
- Employees 373 as on 07 Apr, 2024
- Founders Shreshth Mishra, Ankit Gupta, Suhas Rajkumar
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Simpleenergy Private Limited
- Date of Incorporation 12 Sep, 2019
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$288.44 K (USD)212.37as on Mar 31, 2023
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Net Profit
-$3.11 M (USD)-206.72as on Mar 31, 2023
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EBITDA
-$2.73 M (USD)-199.03as on Mar 31, 2023
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Total Equity Funding
$98.91 M (USD)
in 15 rounds
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Latest Funding Round
$12.92 M (USD), Debt – Conventional
Jun 01, 2026
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Investors
LambdaTest
& 73 more
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Employee Count
373
as on Apr 07, 2024
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People of Simple Energy
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Funding Insights of Simple Energy
Simple Energy has successfully raised a total of $98.91M across 15 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $12.92 million completed in June 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Simple Energy
Simple Energy has secured backing from 74 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LambdaTest, Sattva Group and Benling.
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Venture capital fund focused on multiple sectors
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Private equity firm focused on multiple sectors
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Private equity firm focused on multiple sectors
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Investor details for Simple Energy
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Investments & Acquisitions by Simple Energy
Investment portfolio details for Simple Energy
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Financial Statements - Simple Energy
Detailed financials for Simple Energy
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Simple Energy Comparisons
Peer comparison for Simple Energy
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Competitors of Simple Energy
Simple Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
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Electric scooters and motorcycles are manufactured with related accessories.
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Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
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Electric scooters are developed and battery swapping networks are operated.
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Manufacturer offering electric scooters and mobility solutions
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Retailer of electric scooters offering test rides, maintenance, and financing
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Electric scooters are designed and produced for urban mobility.
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Detailed competitors of Simple Energy
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Latest news on Simple Energy
Complete news archive for Simple Energy
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Frequently Asked Questions about Simple Energy
Simple Energy was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Simple Energy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Suhas Rajkumar is the current CEO of Simple Energy. They have also founded this company.
Simple Energy is a funded company, having raised a total of $98.91M across 15 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Simple Energy is 373.
Annual revenue of Simple Energy is $288.44K as on Mar 31, 2023.
Simple Energy was founded in 2019 in Bengaluru, India. Electric scooters are produced by the company within the electric vehicle sector. Designs are centered on high performance, sustainability, and innovative features to address mobility needs. Operations are based in India, with a focus on delivering practical transportation options to urban customers. Leadership includes co-founders handling key roles in development and management.
Simple Energy's top competitors include Ather Energy, Ola Electric and BGauss.
Simple Energy has 74 investors. Key investors include LambdaTest, Sattva Group, Benling, Quepreon, and Atiyas Electric.
The valuation of Simple Energy is $65.5M as of Jul 2024.