Simple Energy banks Rs 250 Cr to triple store count, scale scooter output 5x before FY28 IPO
The Bengaluru EV two-wheeler maker raised Rs 250 Cr (Rs 123 Cr debt) led by Thyrocare founder's family office. Plans take retail network from 80 to 250 outlets by March, lift production from 3,000 to 15,000 scooters/month, and target Rs 150-160 Cr FY26 revenue ahead of a Rs 3,000 Cr IPO in H2 FY28.
What happened
EV two-wheeler startup Simple Energy raised Rs 250 cr in mixed debt-equity round led by Thyrocare founder's family office, ahead of a planned Rs 3,000 cr IPO in
Key facts
- Rs 250 cr raised
- Rs 123 cr debt
- Rs 3,000 cr planned IPO
- 80 stores to 200-250 by March
- 3,000 to 15,000 scooters/month
- Rs 150-160 cr FY26 revenue
Why this matters
With debt-heavy Rs 250 Cr bridging to an FY28 Rs 3,000 Cr listing, Simple Energy is now in window-shopping mode for distribution tie-ups, component JVs, or strategic anchors that de-risk the IPO story.
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