Bengaluru-based Simple Energy has secured Rs 250 crore in funding to boost manufacturing capacity and expand its retail network. The electric two-wheeler maker plans to increase production significantly and aims for an IPO in the second half of FY28, while also preparing to launch more affordable scooter models.

Bengaluru-based Simple Energy has secured Rs 250 crore in funding to boost manufacturing capacity and expand its retail network. The electric two-wheeler maker plans to increase…

The funds will be deployed towards sales, marketing and research and development to strengthen the company’s product roadmap and customer experience