Company Intelligence Profile
Simpleenergy Private Limited
Bengaluru-based electric-scooter maker (brand "Simple Energy") that designs and manufactures e-scooters (Simple One, OneS, Ultra) with ~95% domestic component sourcing.
CIN: U29309KA2019PTC127859Active (MCA), DPIIT-recognised startup. Not listed.RoC-Bangalore (Karnataka)Confidence: medium-high — CIN/name/incorporation/directors/address cross-confirmed on Tofler
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Simpleenergy Private Limited |
|---|---|
| CIN | U29309KA2019PTC127859 |
| PAN | ABCCS6231R (source: Tofler; single source, not cross-confirmed by a second registry page — treat as partial) |
| Status | Active (MCA), DPIIT-recognised startup. Not listed. |
| Listing | Not listed (private company); company has publicly discussed IPO ambitions ahead of a ₹127 Cr raise per Inc42, but no listing has occurred. |
| Incorporated | 12 September 2019 (Tofler and TheCompanyCheck agree; one WebSearch snippet mis-stated "12 Dec 2019" — treated as an error against two concurring primary-style sources). |
| ROC | RoC-Bangalore (Karnataka) |
| Sector (NIC) | Manufacture of motor vehicles, trailers and semi-trailers — specifically electrically operated vehicles (NIC 29309); TheCompanyCheck/Falconebiz tag it under "non-electric domestic appliances" NIC code, likely a stale/generic MCA classification — the electric-vehicle NIC description is the operationally correct one. |
| Registered address | 9th Floor, Wing A, Sy.No.2/2, North Gate Phase II, Modern Asset, Venkatala Village, Yelahanka Hobli, Bengaluru, Karnataka 560064 (confirmed on Tofler, TheCompanyCheck, Falconebiz). |
| Authorized capital | ₹20 Lakh per Tofler/TheCompanyCheck; ₹30 Lakh per Falconebiz (more recent filing) — likely increased between filings; latest figure (Falconebiz, ₹30,00,000) is probably current. |
| Paid-up capital | ₹13.7–14.9 Lakh (Tofler ₹13.7L, TheCompanyCheck ₹13.76L, Falconebiz ₹14,92,419 — small variance consistent with sequential allotments across filing dates). |
Business Overview
Confirmed- Simple Energy (legal entity: Simpleenergy Private Limited) is a Bengaluru-headquartered electric two-wheeler manufacturer founded in September 2019 by Suhas Rajkumar Kolewad, Ankit Gupta and Shreshth Mishra
- It designs, manufactures and retails electric scooters under the "Simple" brand — models include the Simple One, OneS and Ultra — claiming ~95% domestic component sourcing
- As of FY25 filings it had ~373–402 employees (sources vary by date) and operates a direct retail/store network across India, alongside two subsidiaries covering manufacturing (Simpleenergy Manufacturing Pvt Ltd, Tamil Nadu) and a separate financing/leasing-style entity (Simple Loop Pvt Ltd)
- The company has raised total funding variously reported between ~$61M and ~$85.6M (source figures diverge) predominantly from family offices and angel investors rather than marquee VC funds, and has publicly signalled IPO ambitions while continuing to post widening losses (₹83 Cr net loss in FY25 on ₹44.3 Cr total income)
Directors
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Suhas Rajkumar Kolewad | 07582545 | - | - |
| Shreshth Mishra | 08183309 | - | - |
| Ankit Omprakash Gupta | 01990265 | - | - |
| Sheetal Narayan Shetty | 11292383 | - | - |
| Balamurugan Arumugam | 11244132 | - | - |
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29ABCCS6231R1ZO | Karnataka | ABCCS6231R (source: Tofler; single source, not cross-confirmed by a second registry page — treat as partial) | Active |
| 33ABCCS6231R1ZZ | Tamil Nadu | ABCCS6231R (source: Tofler; single source, not cross-confirmed by a second registry page — treat as partial) | - |
Primary GSTIN: 29ABCCS6231R1ZO (Karnataka, Regular, Active, registered 1-Oct-2019) — confirmed directly on a KnowYourGST individual-GSTIN page. PAN linked: ABCCS6231R. A second registration, 33ABCCS6231R1ZZ (Tamil Nadu), is reported by search aggregators but not independently verified on a primary per-GSTIN page — treat as partial. Total registrations found: 2 states (Karnataka home state, plus Tamil Nadu).
Financials
Partial / conflictingStandalone/company-level figures (source: Tracxn aggregation + YourStory/Inc42 press, cross-checked against Tofler/TheCompanyCheck revenue figure):
- FY23: Pre-revenue; net loss ₹32 Cr
- FY24: Operating revenue ₹6.6 Cr; net loss ₹62.6 Cr
- FY25 (year ended 31-Mar-2025): Operating revenue ₹40.7 Cr; total income ₹44.3 Cr (Tofler/TheCompanyCheck both show ₹44.29 Cr, confirming); total expenses ₹129.67 Cr; net loss ₹83 Cr (widened 32.6% YoY)
- Open charges/borrowings (per TheCompanyCheck, MCA charge filings): ₹50.57 Cr open charges, primarily HDFC Bank (₹40.57 Cr) plus other lenders (₹10 Cr); ₹7.5 Cr charges satisfied/released.
- EBITDA and net worth: not obtained (locked/premium in sources checked).
Note: unclear whether the loss/revenue figures are standalone-entity or consolidated (subsidiaries exist) — press reports do not specify; flagged as a gap.
Funding
Partial / conflictingTotal funding reported ~$61–85M across rounds (source figures conflict: Entrackr's own tally ~$61M as of July 2024; Tracxn's broader tally $85.6M over 13 rounds/76 investors — difference likely reflects Tracxn including smaller/undisclosed angel tranches Entrackr didn't tally). Known rounds:
| Nov 2021 | Pre-Series A, ~$21M |
|---|---|
| Feb 2023 | Bridge round, ~$20M |
| Jul 2024 | Series A, $20M — led by family offices (Haran family office, Dr. A. Velumani/Thyrocare family office, Vasavi family office, Desai family office of Apar Industries promoter group) — source: Entrackr |
| Sep 2025 | ~₹126.7 Cr (~$10–15M, reports vary) round led by Velumani, ahead of stated IPO plans (co-founders Suhas Rajkumar and Ankit Gupta reportedly infusing ₹13.5 Cr each) — source: Inc42/press |
| Latest valuation on record | as of Jul 2024, down ~74% from a reported peak valuation of $249M in Aug 2020 (Tracxn) — not independently confirmed elsewhere, treat as partial |
Charges & Borrowings
Partial / conflicting- Open charges ~₹50.57 Cr (per TheCompanyCheck, sourced from MCA charge filings) — primary lender HDFC Bank Ltd (~₹40.57 Cr) plus other lenders (~₹10 Cr)
- ₹7.5 Cr in charges shown as satisfied
- Falconebiz gates this data behind a paid tier so it is single-sourced — treat as partial
Competitors
Confirmed- India's e-scooter market is dominated by TVS Motor (iQube — market leader in 2025/2026, ~3 lakh+ units in 7 months of 2026), Bajaj Auto (Chetak — took #1 spot in Oct 2025 with ~21% share), Ather Energy (#3, ~16.5% share, listed company), and Ola Electric (former multi-year leader, now losing share, listed company) — together these four hold ~95%+ of incremental e-2W registrations
- Simple Energy is a much smaller, sub-scale player relative to all four (single-digit-crore-to-low-double-digit-crore revenue vs. thousands of crores for the majors)
- Hero MotoCorp (Vida) is a fifth notable competitor also outscaling Simple Energy
Frequently Asked Questions
What does Simpleenergy Private Limited do?
Bengaluru-based electric-scooter maker (brand "Simple Energy") that designs and manufactures e-scooters (Simple One, OneS, Ultra) with ~95% domestic component sourcing.
What is the CIN of Simpleenergy Private Limited?
The Corporate Identification Number (CIN) of Simpleenergy Private Limited is U29309KA2019PTC127859.
Where is Simpleenergy Private Limited registered?
Simpleenergy Private Limited is registered with RoC-Bangalore (Karnataka). Registered address: 9th Floor, Wing A, Sy.No.2/2, North Gate Phase II, Modern Asset, Venkatala Village, Yelahanka Hobli, Bengaluru, Karnataka 560064 (confirmed on Tofler, TheCompanyCheck, Falconebiz).
When was Simpleenergy Private Limited incorporated?
Simpleenergy Private Limited was incorporated on 12 September 2019 (Tofler and TheCompanyCheck agree; one WebSearch snippet mis-stated "12 Dec 2019" — treated as an error against two concurring primary-style….
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