Simple Energy Eyes ₹3,000 Crore IPO by FY27: Big Bets on EV Expansion and Innovation

India’s electric vehicle (EV) landscape is gearing up for a high-voltage boost, with Bengaluru-based Simple Energy announcing plans to raise ₹3,000 crore through an Initial Public Offering (IPO) by FY27.

Founded by Suhas Rajkumar, the electric two-wheeler startup is setting aggressive goals in manufacturing, sales, and R&D to fuel its growth ahead of the public listing.

IPO Plans: Funding Growth and R&D

According to CEO Suhas Rajkumar, the IPO expected by Q2 or Q3 of FY27 is aimed at raising approximately USD 350 million (₹3,000 crore). The funds will be allocated toward:

• Expanding the company’s retail and service footprint from the current 15 locations to 500 touchpoints across India in the next 2 years.

• Scaling up R&D efforts, the core of Simple Energy’s DNA.

• Doubling manufacturing capacity, which currently stands at 3 lakh units annually at its Hosur facility in Tamil Nadu.

Rajkumar emphasised the need for a new production facility to support this growth, noting that the current plant cannot accommodate the scale of future operations. The location of the new facility will depend on business and commercial viability, as per the news report.

Revenue and Sales Trajectory: From Start-Up to Scale-Up

Simple Energy has demonstrated strong upward momentum:

• FY25 revenue: ₹40 crore.

• FY26 revenue target: ₹800 crore (USD 96 million).

• Cumulative revenue target (next 18 months): ₹1,500 crore (USD 180 million).

In terms of product sales, the company sold around 4,000 electric scooters in FY25 and is aiming for 55,000 units in FY26. It hopes to achieve 1 lakh cumulative EV sales ahead of the IPO.

Market Footprint and Expansion Strategy

Simple Energy’s growth strategy focuses on strengthening its retail and service network and building brand presence in key states like:

• Karnataka

• Maharashtra

• Goa

• Andhra Pradesh

• Telangana

• Kerala

This aggressive network expansion is expected to play a crucial role in revenue growth and customer acquisition ahead of its public offering.

What This Means for India’s EV Sector

Simple Energy’s IPO marks a milestone moment for the Indian EV sector. If successful, it could:

• Boost investor confidence in homegrown EV startups.

• Accelerate EV adoption and infrastructure development.

• Create a blueprint for sustainable scaling in clean mobility.

With an IPO-backed war chest and an ambitious roadmap, Simple Energy is signalling that it’s not just building scooters, it’s building a future ready, pan India EV brand.

Read More: 15-Minute EV Charging Is Here: Exponent Energy Powers the Electric Vehicle Future.

Conclusion

From modest sales numbers to multi-crore funding ambitions, Simple Energy’s journey showcases the momentum of India’s electric mobility revolution. As it races toward FY27, the company’s focus on R&D, manufacturing, and nationwide presence may well position it as a flagbearer in India’s EV transformation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.