# Indian energy and automotive capital raising > Live situation record from CLSTR: https://clstr.news/situations/indian-energy-and-automotive-capital-raising > Updated: 2026-09-30T05:31:29.000Z. Sources: 3. Developments: 2. Inox Green Energy Services and Wheels India initiated capital raising efforts through qualified institutional placement (QIP) issues. Inox Green Energy Services aimed to raise approximately Rs 300 crore to invest in its subsidiary, Vibhav Energy, for the acquisition of Wind World (India) operations and maintenance business. Wheels India launched a Rs 250 crore QIP intended for the repayment or prepayment of outstanding borrowings. Following these developments, Inox Clean Energy filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India to launch an initial public offering (IPO) seeking to raise approximately $1 billion. The company plans to use the majority of these proceeds to repay or prepay outstanding borrowings. Inox Clean Energy manages a renewable energy portfolio of 9.29 GW across India and Africa. Additionally, electric two-wheeler manufacturer Simple Energy secured Rs 1,750 crore in Series C equity funding to support expansion projects, including new manufacturing facilities and increased retail and service networks. ## Timeline ### 2026-09-30: Inox Clean Energy plans $1 billion IPO as Simple Energy secures expansion funding Inox Clean Energy plans a $1 billion IPO to repay debt, while electric vehicle maker Simple Energy secures Rs 1,750 crore in Series C funding for manufacturing and network expansion. 2 sources. https://clstr.news/cluster/inox-clean-energy-plans-1-billion-ipo-as-simple-energy-secures-expansion-funding ### 2026-09-24: Inox Green and Wheels India launch QIPs to raise capital Inox Green Energy Services and Wheels India have launched qualified institutional placement (QIP) issues to raise funds for acquisitions and debt repayment, respectively. 2 sources. https://clstr.news/cluster/inox-green-and-wheels-india-launch-qips-to-raise-capital --- Cite as: Indian energy and automotive capital raising. CLSTR, https://clstr.news/situations/indian-energy-and-automotive-capital-raising