Simple Energy To Launch IPO In FY27 To Raise Rs 3,000 Crore

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Speaking on the IPO announcement, Suhas Rajkumar, founder and CEO, Simple Energy, said, “Clean energy is the cornerstone of India’s sustainable future, and at Simple Energy, we are driven by a vision of India leading that transformation. As a homegrown clean-tech startup, we take pride in being part of this movement, with 95% of our vehicle components manufactured in India, true to the Make-in-India mission. With the electric two-wheeler market, which is the major driver for sustainable mobility, growing at approximately 20% year-on-year in FY’25, Simple Energy is scaling rapidly to align with this momentum, aiming to cross 1 lakh cumulative scooter sales by FY’27. Our mission goes beyond metros —we’re committed to empowering Tier 2 and Tier 3 cities making electric mobility accessible. Hence, the IPO marks a pivotal chapter in this journey, driving our ambition of a cleaner, greener India.”

Simple Energy is fast-tracking its growth journey ahead of its planned IPO in Q2–Q3 FY27, with a focus on scale, profitability, and market leadership. With a growing presence in key states such as Karnataka, Maharashtra, Goa, Andhra Pradesh, Telangana, and Kerala, Simple Energy aims to achieve cumulative sales of 1 lakh EVs before its IPO, while expanding its dealership network from 15 to 250 outlets across 23 additional states.

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Fuelled by nearly 500% YoY revenue growth, Simple Energy is targeting $96 million (₹800 crore) in revenue for FY26 and aims to cross $180 million (₹1,500 crore) in cumulative revenue over the next 18 months. With its integrated approach to product, scale, and profitability, the company is on course to grow its market share from 0.3% to 5% by FY’27.