Bengaluru-based electric vehicle startup Simple Energy has announced plans to raise ₹3,000
crore through an Initial Public Offering (IPO) by the second or third quarter of FY2027. The funds
will help the company expand its manufacturing, dealership network, and presence across India.
Powering India’s EV Future
The company aims to support the growing demand for electric two-wheelers while contributing to
India’s goal of 30% EV adoption by 2030.
“Clean energy is the cornerstone of India’s sustainable future,
” said Suhas Rajkumar,
Founder and CEO.
“With 95% of our vehicle components made in India, we are committed to the Make-in-India vision. This IPO will help us reach customers not just
in metros, but also in smaller towns and cities.”
Growth and Expansion Plans
Simple Energy has already achieved gross margin breakeven and aims for 15% gross margins next year.
It expects EBITDA positivity by the end of FY2026 and net profitability before the IPO.
The company is targeting ₹800 crore revenue in FY2026 and a cumulative ₹1,500 crore over the next 18 months.
Its dealership network will expand from 15 to 250 outlets across 23 states.
It aims to cross 1 lakh EV sales and grow its market share from 0.3% to 5% by FY2027.
Simple Energy’s IPO is a key step toward building a greener, more connected future for electric mobility in India.
