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.
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 from 70 across nine states, amid widening losses and an industry E2W slowdown.
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