Charging Ahead: Simple Energy Powers Up for $350 Mn IPO by FY27

Simple Energy, the Bengaluru electric two-wheeler company, is set to raise a $350 million (₹3,000 crore) IPO in FY27 to fuel its manufacturing and dealership expansion pan-India. Founded in 2019, the firm expects EBITDA profitability by the end of FY26 and net profitability before listing day, showing a rapid transition to fiscal discipline after the recent "funding winter".

 

With its current presence in six states, Simple Energy plans to increase its dealership network from 15 to 250 stores in 23 states and cumulative sales to 1 lakh EVs before the IPO. The money will go towards a new factory to double its annual capacity over the current 3 lakh units, to take the company's vision of grabbing 5% of India's EV market by FY27 forward. CEO Suhas Rajkumar is emphasizing a Make-in-India policy, with 95% of the parts locally sourced.

 

Source: Economic Times, Mobility Outlook, News18