Simple Energy Plans ₹3,000 Crore IPO to Expand EV Business in India

Simple Energy New EV Company Is Set To Launch An IPO Worth ₹3,000 Crores: A Detailed Examination

Another player is preparing to join the spotlight as the EV (electric vehicle) market in India is booming. Bengaluru’s EV startup Simple Energy aims to initiate an IPO (Initial Public Offering) that is estimated to be around ₹3000 crores. As per a New 18 report, the company is planning to set their IPO between Q2 and Q3 of 2026 fiscal year.

The amount collected from this IPO can support Simple Energy to increase their manufacturing capabilities. This comes after the company is willing to support the Indian Government in their vision of achieving a target of 30% electric vehicle sales by 2030.

What Are The Prospects Of Simple Energy?

This would be the first electric vehicle company in India to launch a manufacturing unit dedicated to electric vehicles. Simple Energy has plans to set up this large manufacturing plant that will enable them to keep up with rising demand for EVs in India.

Before going public, Simple Energy is first seeking to enhance its financial operations and corporate profitability. The firm has already started increasing its footprint in strategic Indian regions including Karnataka, Maharashtra, Goa, Andhra Pradesh, Telangana, and Kerala. These additions are part of the company’s plans to consolidate its share in the Indian EV marketplace.

Simple Energy expects to accomplish the set milestones prior to the IPO launch:

• Achieve sales surpassing 100,000 units of electric vehicles.
• Increase dealership presence from 15 to 250 outlets.
• Expand to 23 additional states within India for market penetration.

The company’s expectation is that reaching these targets will help set a sturdy groundwork that will invite more investors post-IPO.

Financial Performance and Revenue Growth

In the span of a year, Simple Energy is reporting revenue growth of 500% year on year, which is an astonishing feat for a startup. The goal for the 2026 fiscal year is set at ₹800 crore, which the firm wishes to raise to ₹1,500 crore in the following year and a half.

This indicates the company’s aggressive growth policies and the intent to rapidly scale operations.

Financial Performance and Efficiency

Simple Energy achieved its break-even point within two years of starting operations, indicating that it was able to recover its costs and begin profiting in a remarkably short period of time.

Going forward, Simple Energy is targeting a gross margin of 15% within one year. The company also projects to achieve an EBITDA-positive status by the end of the fiscal year 2025-26. A business’s profitability can be gauged with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).

Apart from this, the company is pursuing these targets to achieve net profits before going public with an IPO. This means the company intends to fully realize profits by the time it goes to the stock market.

Background of Simple Energy and its Founders

Simple Energy was established in the year 2019 by Suhas Rajkumar and has made huge strides in the EV space ever since. The company has, to date, received funding of over $41 million from different venture investors.

Some of the most important investors in Simple Energy are:

• Apar Industries promoters.
• Haran Family Office.
• Arumugam Balamurugan, Chief Growth Officer at Clarity.
• Dr. A. Velumani Familly Office.
• Vasavi Family Office.

These investors have backed the company as they trust its vision and are trying to help it emerge as one of the leading players in the EV ecosystem.

Also Read : Unified Data-Tech Solutions IPO 2025: Key Dates, Price Band, GMP & All You Need to Know

Conclusion

The anticipated IPO registration of Simple Energy is registering a new milestone for the Indian electric vehicle market. Simple plans to raise ₹3,000 crore through IPO and expects to boost production and expand across the country while contributing to the EV goals of 2030.

The expected mark on profitability along with strong revenue generation, coupled with expansion into novel territories makes the company an appealing one for investors on the surface. Nonetheless, it is prudent for every investor to carry out due diligence or consult a certfied financial advisor before any investment steps are taken.

Disclaimer:

The insights shared and any investment proposals fostered herein are premised on information accessible to the public as well as expert opinions and should not be regarded as the views of this website and its management. You are always advised to clear such moves with a certified financial advisor.