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.
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