Simple Energy Raises ₹127 Cr Ahead of $350 Mn FY27 IPO, Targets 500-Store Rollout

Bengaluru-based EV two-wheeler maker Simple Energy is closing a ₹126.7 Cr round led by Thyrocare's Velumani, taking total funding to $84 Mn. Capital fuels a jump from 70 to 500 retail outlets across nine states, even as FY25 losses widened to ₹83 Cr on ₹40.7 Cr revenue and the broader E2W market slows.

— Source publishedFri, 15 May, 2026, 11:16 IST·First seen Fri, 15 May, 2026, 11:18 IST·Source Inc42

What happened

EV two-wheeler maker Simple Energy is raising ₹126.7 Cr led by Thyrocare's Velumani ahead of a planned ~$350 Mn FY27 IPO. Capital funds expansion to 500 stores

Key facts

  • ₹126.7 Cr raised
  • $84 Mn total funding
  • $350 Mn IPO target FY27
  • 70 retail outlets
  • 500 store target
  • 4,806 scooters sold to date
  • 1,244 units April 2026
  • FY25 revenue ₹40.7 Cr (6X)
  • FY25 net loss ₹83 Cr

Why this matters

Simple Energy's pre-IPO sprint creates partnership and acqui-channel openings in tier-2 EV retail, especially for charging, financing, and service-network players seeking fast footprint.

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