After Ather Energy, Simple Energy Now Plans For IPO By 2027

Going public seems to be the way forward for most electric two-wheeler manufacturers of India’s silicon valley. After Ola Electric and Ather Energy, it’s now Simple Energy’s turn to launch an IPO. Its CEO and Founder, Suhas Rajkumar revealed its ambitious plans to PTI of raising ₹3,000 crore through an initial public offering (IPO) by the financial year 2026-27. Just like Ather Energy, even Simple Energy intends to utilise the funds for market expansion, establishing a new manufacturing facility, and advancing research and development efforts.

(Also Read: Simple Energy Secures $20 Million (₹ 167.46 Crore) Funding)

Currently, Simple Energy is accelerating its retail network expansion from just 15 stores and 15 service centres to over 500 customer touchpoints within the next two years. This aggressive expansion strategy is expected to significantly boost revenue ahead of the planned public offering, Rajkumar started. Simple Energy has also set an ambitious financial target to achieve clock $96 million (i.e. almost ₹800 crore) in revenue in FY26. 

When it comes to its manufacturing prowess, the company's current facility in Hosur, Tamil Nadu, has an annual production capacity of 3 lakh units. Post the IPO, it plans to double this capacity And since the existing factory cannot accommodate this expansion, the company will need to establish a new production site, though the location remains undecided.

(Also Read: Simple OneS Launched At ₹1.39 Lakh)

With an expanding presence across key Indian states including Karnataka, Maharashtra, Goa, Andhra Pradesh, Telangana, and Kerala, Simple Energy aims to achieve cumulative sales of 100,000 electric vehicles before its stock market debut. 

However, Ather and Ola, who have been in the market for more than a decade now, Simple Energy is relatively new. However, as was pointed out by Rajkumar, that they have been in the industry for seven years, and that this decision was driven by the company’s growth over the last year.