Velumani family office leads $180 million round in Simple Energy

The family office of Thyrocare founder A. Velumani led a Rs 1,750 crore ($180 million) all-equity Series C in Simple Energy, a Bengaluru electric two-wheeler maker, the company said Sept. 30.

Simple said the round was its largest to date and the second in 2026 led by the Velumani office, according to Family Office Hub. The founders, investor Amit Mishra and the Haran Family Office participated.

Family offices weighing a similar direct stake will see an all-equity benchmark of Rs 1,750 crore and a ticket shared with the founders, an outside investor and a second family office.

Simple, founded in 2019, develops the chassis, battery, motor and software in-house and has put motors that do not use heavy rare earth materials into commercial production. Chief executive Suhas Rajkumar said the capital would fund a new manufacturing facility and higher production, along with the retail and service network, marketing, the supply chain, research and development and hiring. Velumani said he sees Simple well placed to become one of India's top three players in electric two-wheelers.

At Rs 1,750 crore, Simple's round is larger than recent rounds at Ather Energy and Ola Electric. Ather raised Rs 1,200 crore from the India-Japan Fund, Hero MotoCorp and its founders, and Ola approved a rights issue of up to Rs 1,000 crore.