Funding · Mobility & Logistics

Simple Energy plans large fundraise for production expansion

By Startup Enthusiast · 2 September 2026

What they do

Simple Energy manufactures electric scooters and operates a network of over 50 retail stores across India

The company is seeking an undisclosed amount of capital to scale production capacity and strengthen its supply chain

The startup aims to become a top-five player in the electric scooter segment within 18 months before pursuing an IPO

Simple Energy is preparing for a large fundraise to support its growth and production goals.
The company intends to use the capital to increase its manufacturing capacity and invest in supplier infrastructure.
Management is targeting a production output of 10,000 to 12,000 scooters per month by March 2027.
The firm launched its new family-focused electric scooter, the Wave, on September 2, 2026.
The Wave scooter is available at an introductory price of Rs 1,09,999.
Simple Energy plans to reach a top-five market position within 15 to 18 months.
The company is building a path toward EBITDA (earnings before interest, taxes, depreciation, and amortization) profitability to support future IPO plans.

Current monthly production of 1,500 to 2,000 vehicles is insufficient to meet the monthly demand of 4,000 units.
The company currently meets only 50% of its existing customer demand.
Scaling production is essential for the company to transition toward its planned public market debut.

Simple Energy produces electric scooters including the Wave, Simple One, Simple OneS, and Simple Ultra.
The Wave features a battery capacity of up to 5 kWh and an IDC range of 243 km.
The Simple Ultra offers the highest range in the lineup at 400 km with a top speed of 115 km/h.
The company operates over 50 retail stores to support its sales and service operations.
Customers can access services like 24x7 roadside assistance and the Simple SuperPack subscription.
The Simple Connect mobile application allows users to monitor vehicle performance and ride data.

Product: based EV maker
Customers: Individual consumers seeking affordable electric two-wheelers
How it makes money: Direct sales of electric scooters through online and physical retail outlets
What sets it apart: Mass production scale and customer-focused design for Indian market