Simple Energy raises ₹127 Cr ahead of $350 Mn FY27 IPO, plans 500-store retail push
Bengaluru-based E2W maker Simple Energy is closing a ₹126.7 Cr round led by Thyrocare's Velumani, taking total funding to $84 Mn. Capital fuels R&D and a 7x retail expansion from 70 to 500 offline stores. FY25 revenue grew 6x to ₹40.7 Cr, though net loss stood at ₹83 Cr. April dispatches hit 1,244 units.
IPO-bound E2W maker Simple Energy is raising ₹126.7 Cr led by Thyrocare's Velumani, ahead of a $350 Mn IPO targeted in FY27. Funds back R&D and expansion to 500 stores from current 70 outlets across nine states.
Why this matters
Simple Energy is scaling its physical footprint aggressively to support an FY27 IPO, betting on offline retail to drive E2W adoption despite continued losses and modest dispatch volumes.
Retail-brand activity steady with 243 signals in last 90 days.