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.
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 scale manufacturing, R&D, and pan-India retail expansion.
Why this matters
Builds on Simple Energy's recent ₹126.7 cr Iheart top-up and earlier ₹127 cr raise tied to a $350 Mn FY27 IPO plan and 500-store retail rollout, signaling sustained pre-IPO capital stacking.
Retail-company activity steady with 1,499 signals tracked over the last 90 days.