Simple Energy raises ₹250 cr, targets FY28 IPO and ₹3,000 cr revenue by FY30
Bengaluru EV scooter maker Simple Energy closed a ₹250 cr Series B (equity + ₹123 cr NBFC debt) to scale capacity from 3,000 to 10,000 units/month by March 2027. It runs 71 outlets across 38 cities and is eyeing an H2 FY28 listing as it chases a 4x revenue jump to ₹170 cr.
What happened
Bengaluru-based EV two-wheeler maker Simple Energy plans an IPO in H2 FY28 and targets ₹3,000 cr revenue by FY30. It raised ₹250 cr Series B (debt+equity) to
Key facts
- ₹250 crore Series B
- ₹123 crore debt from NBFCs
- ₹3,000 crore FY30 revenue target
- ₹40 cr to ₹170 cr revenue growth
- 10,000 scooters/month by March 2027
- current capacity 3,000 units/month
- current sales 1,500 units/month
- 71 outlets across 38 cities
Why this matters
Simple Energy's pre-IPO scaling window opens partnership angles around battery supply, charging infra, and dealer-network bolt-ons before H2 FY28 listing tightens valuation expectations.