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Simple Energy gears up for IPO with ₹126.7 cr raise led by Thyrocare founder
Startups
Published on 15 May 2026
Its round issues Series X CCPS at ₹6,000 each
Simple Energy, an IPO-bound electric two-wheeler startup, is raising ₹126.7 crore in a round led by its existing backer, Thyrocare founder Arokiaswamy Velumani. MCA filings show shareholders approved issuance of 2.11 lakh Series X CCPS at ₹6,000 each. Cofounders Suhas Rajkumar and Ankit Gupta will invest ₹13.5 crore each. The funding supports growth and business expansion as the company prepares for a public listing, having already built a total funding pool above $84 million.
- Funding amount: ₹126.7 crore (about $13.2 million)
- Instrument: 2.11 lakh Series X CCPS issued at ₹6,000 each
- Cofounders Suhas Rajkumar and Ankit Gupta invest ₹13.5 crore each
- Total funding so far: over $84 million, including a $10 million bridge round
- FY25 results: operating revenue up more than 6X to ₹40.7 crore
- FY25 loss: consolidated net loss widens 32.6% to ₹83 crore
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42