Simple Energy, one of India’s emerging electric vehicle (EV) startups, has announced plans to raise ₹3,000 crore through an Initial Public Offering (IPO) by FY 2026–27, aiming to accelerate its EV manufacturing, R&D, and nationwide expansion.
The company is set to file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) within the current fiscal year. The IPO proceeds will support key strategic goals, including:
- Scaling up EV production capacity
- Establishing a new lithium-ion cell manufacturing facility
- Expanding R&D infrastructure and charging ecosystem
Vision for Growth:
Simple Energy aims to establish itself as a leader in India’s growing electric mobility sector. With its flagship scooter Simple One already generating market traction, the company plans to diversify its product portfolio and increase its manufacturing footprint beyond Karnataka.
Founder and CEO Suhas Rajkumar stated, “Our IPO marks a pivotal step in our mission to make India a global EV manufacturing hub. The funds will empower us to scale operations, invest in core technologies, and deliver sustainable mobility solutions across the country.”
The company’s upcoming lithium-ion cell plant will further reduce dependence on imports and strengthen domestic battery manufacturing capabilities, in line with the Government of India’s Atmanirbhar Bharat initiative.
About Simple Energy
Founded in 2019 and headquartered in Bengaluru, Simple Energy is focused on developing high-performance electric scooters and sustainable energy solutions. The company is committed to building an end-to-end EV ecosystem with advanced battery tech, smart mobility solutions, and robust infrastructure.
