In Short : Simple Energy plans a 19-fold expansion of its retail network by 2029, aiming to strengthen its footprint in India’s EV market. The company also targets an IPO in FY27 to raise capital for growth. With these moves, Simple Energy seeks to scale operations, boost sales, and solidify its position in the rapidly […]
Simple Energy Gears Up for ₹3,000 Crore IPO to Power EV Expansion by FY27 – EQ
In Short : Simple Energy plans a ₹3,000 crore ($350 million) IPO in FY27 to expand manufacturing, boost R&D, and scale nationwide operations. The EV maker targets EBITDA profitability by FY26 and aims to sell over 1 lakh scooters before listing. With strong revenue growth, 95% local sourcing, and plans for 500 retail touchpoints, it […]
C&I Segment To Drive Rooftop Solar Boom To 30 GW By FY27 – EQ
In Short : India’s rooftop solar capacity is expected to reach 25–30 GW by FY27, led by the commercial and industrial (C&I) sector, which made up 75% of installations in 2024. Growth is fueled by falling costs, state incentives, and net metering policies. Gujarat and Maharashtra dominate the market, supporting India’s goal of 300 GW […]
Waaree Energies to set up 11.4GW solar cell capacity by FY27 – EQ
In Short : Waaree Energies has announced plans to establish a 11.4 GW solar cell manufacturing capacity by FY27. This expansion aims to bolster India’s renewable energy ambitions, enhance domestic manufacturing, and reduce reliance on imports. The move aligns with the government’s “Make in India” initiative, supporting the transition to sustainable energy and accelerating the […]