Electric two-wheeler startup Simple Energy secures ₹126.7 crore in funding round led by Thyrocare founder Arokiaswamy Velumani, with cofounders contributing ₹13.5 crore each. The capital infusion brings total funding to over $84 million as the Bengaluru-based company prepares for its IPO in FY27, targeting $350 million through the public listing. Simple Energy plans to expand its retail footprint to 500 stores and accelerate research and development efforts. The company currently operates 70 outlets across nine states and has delivered approximately 4,806 electric scooters. However, the broader electric two-wheeler segment faces headwinds with registrations declining 20 percent month-on-month in April, though year-over-year growth remains strong at 50 percent compared to April 2025.
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