Simple Energy bags ₹126.7 cr top-up from Iheart, founders ahead of $350 mn IPO
Bengaluru EV maker raises ₹126.7 cr — ₹18.6 cr from Iheart Properties, ₹13.5 cr each from founders — to fund pre-IPO scale-up. Targets EBITDA positivity by FY26-end and a $350 mn listing in Q2-Q3 FY27. Current capacity 5,000 units/month, expandable to 15,000; FY25 revenue ₹44.3 cr.
Bengaluru EV maker Simple Energy raised ₹126.7 crore from existing investor Iheart Properties and founders ahead of a planned $350 million IPO in Q2-Q3 FY27, targeting EBITDA positivity by FY26-end.
Why this matters
Builds on Simple Energy's pre-IPO momentum, following the ₹127 Cr raise tied to a 500-store retail expansion push ahead of its $350 Mn FY27 listing.
Retail-company activity steady at 385 signals over the last 90 days.