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.
Uber-backed electric bike and scooter maker Lime has filed for a US initial public offering, citing a sharp rise in yearly revenue. The company’s decision comes as the US IPO market shows signs of recovery. Lime says it will use IPO proceeds to support operations and repay debt, while continuing to expand across multiple cities globally.
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The West Asia conflict is denting demand for entry-level motorcycles in India, with Bajaj Auto expecting growth to fall sharply from over 20% to about 7-9%. At the same time, electric scooters are accelerating as fuel prices and rising commodity costs push consumers toward EVs. Bajaj Auto’s Chetak sales are surging, signaling a tougher road ahead for petrol bikes.
TVS Motor has unveiled an upgraded iQube S electric scooter with a larger 4.7 kWh battery, claiming a range of up to 175 km. The new variant is priced at Rs 1,37,142 and raises peak power to 5.9 hp. It also adds smartphone connectivity, advanced safety alerts, and comes with new color options.
Ola Electric’s post-IPO reality is diverging sharply from the upbeat picture it painted before its listing. With continued service problems and fresh debt-raising moves, founder Bhavish Aggarwal faces another lackluster quarter. The company’s strategy for stabilising operations is now under a tighter investor spotlight as expectations reset.
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