Upcoming IPOs To Look Forward To: Greaves, Simple Energy, And Ultraviolette

What started with Ola Electric, and followed by Ather Energy earlier this year, going public seems to be the natural progression for electric start-ups. Here are a few more two-wheeler brands who are working towards ringing the bells of Dalal Street in the next 2-3 year span:

Greaves Electric Mobility

The automotive arm of Greaves Cotton Ltd., Greaves Electric Mobility, has already received the Securities and Exchange Board of India’s (SEBI) approval for its Initial Public Offering. It now has a year to take its IPO live and that is expected to happen by the end of FY26. The brand plans to raise ₹1,000 crore public money through a fresh issue of shares. It aims to achieve that by selling 51 million shares of Greaves Cotton Ltd and up to 138.4 million shares from investor Abdul Latif Jameel Green Mobility Solutions DMCC. Its promoters and investors are also eyeing to sell up to 18.94 crore shares on the sidelines as well. 

From the ₹1,000 crore public money, Greaves will reserve ₹375 crore for product research and development, and ₹83 crore to make its own batteries. The rest will be used to expand manufacturing capabilities and introduce new products. When we got in touch with the brand, it refused to divulge much about its current position owing to certain restrictions that came post the SEBI approval. However, the newly launched Ampere Reo 80 is expected to further the brand’s sales momentum. Add to that, we might also see newer variants of the Ampere Nexus electric scooters launch in the future.  

Simple Energy

Soon after Ather Energy went public, Simple Energy also announced its plans to go public. “As the electric two-wheeler market grows, we’re scaling rapidly to meet demand, targeting over 1 lakh cumulative scooter sales by FY27,” Suhas Rajkumar, Founder, Simple Energy revealed to Acko Drive. “Our mission goes beyond metros—we’re focused on expanding access to electric mobility in Tier-2 and Tier-3 cities. Our upcoming IPO marks a key milestone in driving a cleaner, greener, and more self-reliant India,” he added. 

Simple Energy aims to raise ₹3,000 crore through its Initial Public Offering. The public money will help double the production at its manufacturing facility in Hosur, Tamil Nadu, from the current 3 lakh capacity (annual) – which indicates how optimistic the company is about its products. Additionally, it will also have new products that will join the Simple One Gen 1.5. “These upcoming launches are a key part of our growth strategy and will further strengthen our portfolio ahead of the IPO,” Rajkumar added. While Simple has not revealed much about these upcoming products yet, we’re expecting newer variants to the Gen 1.5 will be added to the mix in the future.  

Ultraviolette Automotive

Even the makers of the fastest electric motorcycle in India are aiming for an IPO. Ultraviolette’s CEO and co-founder, Narayan Subramaniam confirmed that it will go public in the next 2-3 years. The brand plans to raise $500 million (₹4,343 crore) public money to further expand its R&D capabilities as well as venture into new foreign shores. But before it goes for SEBI’s approval, UV will expand its portfolio with models from different segments. Both the Shockwave enduro electric bike, and the Tesseract (world’s first ADAS enabled) electric scooter are very crucial to this expansion plans.