Bengaluru-based electric two-wheeler manufacturer Simple Energy has closed its Series B funding round, securing INR 2.5 billion through a combination of debt and equity.

The funding round was led by the family office of Dr. Arokiaswamy Velumani, alongside Simple Energy’s Founder and CEO, Suhas Rajkumar, and Co-founder and CFO, Ankit Gupta. Financial institutions HDFC Bank and Capitar Ventures, along with other non-banking financial companies (NBFCs), served as debt partners, contributing INR 1.23 billion to the total capital raised.

The EV maker will direct the majority of the Series B proceeds toward manufacturing expansion and scaling up production capacity. The remaining capital is earmarked for sales, marketing and research and development (R&D) to advance its product roadmap and customer experience.

At present, Simple Energy operates at a manufacturing capacity of 3,000 units per month. The company has recently increased investment in its proprietary battery assembly lines, with the output ramp-up scheduled to take effect from August 2026.

To support its next growth phase, the company plans to increase its workforce across key departments, including production, sales and marketing.

The funding coincides with significant top-line growth for the electric vehicle (EV) startup. Simple Energy's annual revenue increased fourfold, rising from INR 400 million in FY2025 to INR 1.70 billion in FY2026.

The brand currently averages monthly sales of approximately 1,500 units. Its retail network comprises more than 71 outlets operating across 38 cities, including Bengaluru, Delhi, Patna and Chennai. As part of its immediate domestic expansion strategy, Simple Energy will shortly enter new markets, including Ranchi, Bhubaneshwar and Cuttack.

Simple Energy has set a target to achieve monthly sales of 10,000 electric scooters by March 2027.

Suhas Rajkumar, said, “The funding reflects strong investor confidence in Simple Energy. This will help us scale production, strengthen our Made-in-India manufacturing stack, and expand access to our long-range, performance-led scooters nationwide. We are seeing clear market demand, with revenues rising 4x from INR 400 million in FY’25 to INR 1.70 billion in FY’26. The funding amounts will be mainly directed towards capacity expansion, targeting monthly sales of 10,000 scooters by March 2027, alongside continued investments in R&D and marketing. This milestone marks Simple Energy’s transition from a homegrown startup to a full-stack EV OEM, reinforcing brand trust and readiness for a long-term path to public markets.”

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Raptee.HV has officially launched its operations in Bengaluru, marking the first major expansion for the Chennai-based electric motorcycle manufacturer beyond its home territory. The move positions the company’s advanced vehicular technology and rider-first service framework within one of India’s most dynamic automotive markets, signalling the beginning of a phased national rollout.

The company’s technological foundation rests on HV-TEC, a proprietary platform developed over half a decade to embed electric car engineering principles into motorcycle design. With over 200 patents safeguarding its innovations, the system integrates battery architecture, power management, software ecosystems and onboard intelligence. Every element has been engineered to tackle persistent rider issues such as charging infrastructure dependency, power delivery, durability and post-purchase assurance.

As part of the Bengaluru entry, a dedicated experience hub has been established where enthusiasts can engage with the T30 model through hands-on demonstrations and trial rides while also accessing comprehensive after-sales infrastructure. The T30 distinguishes itself through CCS2 charger compatibility, which unlocks a network of more than 30,000 public charging stations across the country, supplemented by efficient home-charging options that simplify both urban commutes and highway journeys.

Retailing at INR 239,000 before registration, the T30 offers a practical 150-kilometre range on a single charge and sprints from standstill to 60 kilometres per hour in less than 3.5 seconds. Ownership is reinforced by an eight-year or 80,000-kilometre battery warranty, a three-year vehicle guarantee and perpetual customer assistance including roadside support. Having already commenced deliveries in Chennai earlier this year, Raptee.HV now views Bengaluru as a critical bridgehead for its wider Indian expansion, with additional metropolitan centres slated for future entry.

Dinesh Arjun, CEO & Co-Founder, Raptee.HV, said, "Bengaluru is a city that appreciates meaningful innovation, making it the perfect place for our first expansion. At Raptee.HV, we've always believed that technology is only as good as the experience it creates for customers. That's why every decision we've made from our Electric Car DNA platform to our dedicated customer support and Roadside Assistance has been guided by one objective: giving riders complete confidence at every stage of their ownership journey.”

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JSW MG Motor India has introduced MG ADAPT (Advance Drive Architecture Platform Technology), an indigenous multi-energy vehicle platform designed to unify multiple propulsion systems within a single intelligent architecture. Marketed as the country’s first such modular framework, MG ADAPT supports Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Range Extender Electric Vehicles (REEVs). This strategic move underscores the automaker’s dedication to advancing new energy mobility solutions across the subcontinent.

Engineered as a future-ready foundation, MG ADAPT prioritises design flexibility to accelerate product development cycles while enhancing driving range, fast-charging capabilities and overall efficiency. The platform’s modular nature allows for the seamless integration of various electrified powertrains, aiming to deliver improved safety, superior performance and refined drivability. By consolidating these technologies, JSW MG Motor India seeks to establish a new industry benchmark in vehicle versatility.

Central to the platform is an integrated technology ecosystem tailored specifically for hybrid applications, featuring a dedicated hybrid engine and a purpose-built battery system that ensures instant electric response and heightened safety. A compact 10-in-1 intelligent electric drive unit reduces system complexity, while an electromagnetic dedicated hybrid transmission facilitates smooth power delivery and rapid response. These components collectively contribute to operational excellence and driving comfort.

An intelligent energy management system orchestrates these elements by continuously assessing driving conditions to select the most efficient operating strategy. Drivers benefit from four distinct modes, including pure electric for urban environments, series hybrid where the engine generates electricity, parallel hybrid for combined motor and engine power and engine direct drive optimised for highway cruising. This adaptive approach maximises efficiency across varied terrains and usage patterns.

The architecture also incorporates range extender technology, wherein the electric motor permanently drives the wheels while a petrol engine acts exclusively as a generator to replenish the battery when needed. This configuration preserves an electric-first driving sensation while substantially increasing overall range, thereby alleviating range anxiety for long-distance travel. MG ADAPT ultimately reinforces the company’s vision for sustainable, flexible mobility in India’s rapidly transforming automotive landscape.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, "At JSW MG Motor India, we believe the future of mobility lies in giving customers the freedom to choose the energy solution that best suits their lifestyle, without compromising on performance, efficiency or driving experience. MG ADAPT marks a defining milestone in our New Energy Vehicle journey and reflects our commitment to bringing globally advanced technologies that are relevant to the evolving needs of Indian customers.

“Designed as a highly flexible technology platform, MG ADAPT brings together multiple energy solutions on a single intelligent architecture, enabling us to deliver vehicles that are more efficient, more adaptable and engineered for the future. As we continue to expand our New Energy Vehicle portfolio, this platform will serve as the technological backbone of our future products and reinforce our commitment to accelerating sustainable mobility in India."

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Kia India has officially introduced the Syros EV, marking its second mass-market electric vehicle offering in the country. The automaker has simultaneously initiated pre-bookings for the new model, requiring a nominal reservation amount of INR 25,000. These bookings are being accepted through the company’s official website and across its network of dealerships nationwide, signalling the brand's aggressive push into the growing electric mobility segment.

The core of the Syros EV’s proposition lies in its comprehensive ownership package, designed to tackle the primary apprehensions that typically deter buyers from transitioning to electric vehicles. The vehicle boasts a best-in-segment ARAI-certified range of 526 kilometres for the larger battery variant. To further bolster consumer confidence, Kia is offering a lifetime high-voltage battery warranty, an assured buyback programme to protect residual value, and a flexible Battery-as-a-Service financing option. These initiatives collectively address longstanding concerns regarding battery longevity, resale value and the initial purchase cost.

Underpinning its performance credentials, the Syros EV is built on Kia’s reinforced K1 platform and is available with two advanced Nickel Manganese Cobalt battery packs. The larger 51.4 kWh unit delivers a peak power output of 171 PS, enabling the vehicle to accelerate from 0 to 100 kilometres per hour in a brisk 8.1 seconds. The alternative 42 kWh battery provides a range of 443 kilometres. Both units feature an IP67 certification and a liquid-cooled thermal management system, ensuring performance and safety across diverse Indian climatic conditions.

The Syros EV is distinguished by a suite of exclusive technologies aimed at enhancing the driving experience. These include paddle shifters for regenerative braking with an auto mode and i-Pedal functionality, alongside a vehicle-to-load internal system. The charging ecosystem is further strengthened by the K-Charge platform, which integrates over 20,300 charging points from 23 operators into a single interface on the MyKia app. This network is supported by more than 129 Kia dealerships equipped with high-capacity DC fast chargers and over 275 EV-ready workshops, ensuring comprehensive service support.

The exterior design adheres to Kia’s global electric vehicle philosophy, featuring a distinctive Digital Tiger Face and Star Map LED lighting elements. The interior is dominated by a first-in-segment thirty-inch Trinity Panoramic Display Panel, which merges the instrument cluster, infotainment and climate control interfaces. The cabin emphasises comfort with features like ventilated seats, a dual-pane panoramic sunroof and a 60:40 split rear seat with slide and recline functions, alongside practical additions such as a 16-litre frunk and multiple USB charging ports.

Safety is a paramount consideration, with the Syros EV equipped with Level 2 Advanced Driver Assistance Systems, encompassing 16 autonomous functions including collision avoidance and smart cruise control. These are complemented by 25 standard safety features, including six airbags, electronic stability control and a 360-degree camera for enhanced manoeuvrability. The model will be offered in seven trims across two battery options, with a choice of nine exterior colours and multiple interior themes, including an exclusive Onyx Black and Hunter Green option for the X-Line variant.

Gwanggu Lee, Managing Director and CEO, Kia India, said, “Our philosophy of 'Movement that Inspires' is about making future mobility meaningful, accessible and enriching for our customers. With the Syros EV, our second mass-market electric vehicle for India, we are democratising advanced electric mobility – not only through cutting-edge technology but by removing the anxieties that hold customers back. The Syros EV delivers a best-in-segment ARAI-certified range of 526 km – the first in its segment to cross the 500-km mark. Paired with a best-in-segment power output of 171 PS, it gives customers the confidence to go further without compromising on performance. Backed by a simplified and effortless ownership experience, including a Lifetime Battery Warranty, Assured Buyback and BaaS, we are addressing what matters most to Indian families, bringing them a decisive step closer to going electric.”

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Bengaluru-based electric mobility startup E3 Electric.Ai has raised INR 1 billion in a Series A funding round led by BluVenture Holdings. The company intends to use the capital to support product development and expand its presence across India ahead of the launch of its E3 TRION scooter.

The start-up focuses on integrating artificial intelligence (AI) into electric scooters to manage safety, reliability and charging. Its platform utilises modular architecture to produce variants from a single chassis and incorporates AI for maintenance and routing.

E3 Electric.Ai maintains an R&D team and holds a portfolio of over 18 patents in modular architecture, battery systems and safety. The company positions its scooters as an alternative to the 110cc internal combustion engine segment.

P Sanjeev, Founder & CEO, E3 Electric.Ai, said, "At E3, we believe electric vehicles should predict, learn and continuously improve, making mobility safer, more reliable and affordable over time. E3’s DNA is defined by 3 words, Modular + AI + Human. Our Modular platform enables us to build multiple scooter variants from the same chassis. E3’s patented AI stack enables preventive maintenance check and smart routing to address range anxiety. E3 TRION is crafted with care and introduces best in class anthropometry-based ergonomics for a very comfortable ride. This investment enables us to accelerate our vision of making intelligent mobility accessible to millions of Indian families."

Shaun Dawson, LP with BluVenture Holdings, said, "As the world’s largest two-wheeler market, India is at an inflection point in its EV transition journey. E3 has built an impressive technology platform combining modular engineering with software-led intelligence that is tailor-made for electric scooters. Sanjeev’s deep expertise enabled E3 to build a profitable, sustainably scalable operating model instead of the industry's typical heavy-burn approach. E3 is smartly leveraging AI to track performance and health parameters, delivering predictive maintenance & value. We see the opportunity to build a category-defining company."

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